AKR secures $40m loan

Saturday, September 4 2010 - 01:06 AM WIB

IDX-listed fuel distributor and logistics firm PT AKR Corporindo Tbk reported Friday it has bagged Rp.350 billion or US$40 million syndicated loan from a consortium Bank Central Asia, Indonesia Eximbank and Bank Mizuho Indonesia.

The loan will be used to expand fuel oil distribution infrastructure, the Company said in a filing with the IDX. (alex)

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