Nov 29, 2010

ELTY requires US$1 bio for Disneyland

Property developer PT Bakrieland Development Tbk (ELTY) is rumored to require US$1 billion financing to build Disneyland theme park at Lido, Sukabumi, West Java.
Bakrieland has also rumored to mandate Barclays Capital as financial adviser in a bid to seek strategic partners.
Bakrieland Corporate Secretary Nuzirman Nurdin, as reported by a local media, said the company is underway to find strategic partners for Disneyland project.
He declined to comment when asked about US$1 billion financing and the appointment of Barclays Capital.

Disclosure: No position at the stock mentioned above.

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