Indonesia's Bhakti Investama acquires 50 pct stake in Adam Air
Jakarta (XFN-ASIA) - Investment firm PT Bhakti Investama has
acquired a 50 pct stake in PT Adam Sky-Connection Airlines, the operator of
Adam Air, Bhakti president Hary Djaja said.
"The transaction was closed today (Thursday). As for the
value, we have agreed not to disclose it," Djaja told reporters last night.
Djaja said Adam Air will keep the remaining 50 pct.
Separately, Bisnis Indonesia reported that Bhakti may receive a 100 mln usd loan from Lehman Brothers to finance the acquisition.
The newspaper also quoted Adam Air president Aditya Suherman as saying that the airline will use the proceeds from the stake sale to buy new aircraft.