Garuda Indonesia Plan To Spin Off Subsidiaries May Be On Hold
Leithen FrancisJuly 09, 2012
Garuda Indonesia has appointed Indonesia’s Mandiri Securities to provide advice on the initial public offerings (IPOs) for two of its subsidiaries, but there is still a hurdle to overcome. The two subsidiaries are: GMF AeroAsia, Garuda’s maintenance, repair and overhaul provider; and Aerowisata, its...
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