20-Jan-2010 11:33 AM

Indonesian Government confirms Garuda Indonesia to offer up to 25% of shares in IPO

Indonesian Government confirmed Garuda Indonesia plans to offer up to 25% of shares in an IPO, to be launched in 2Q2010 (Travel Mole, 19-Jan-2010). Capital raised from the offering will be used to fund the carrier’s expansion plans. 100% of the carrier’s debtors recently accepted Garuda’s financial restructuring.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More