Indonesia's Astra says has reached deal with lenders

Newswire

JAKARTA, Oct 28 (Reuters) - Indonesia's auto giant PT Astra International confirmed on Monday it has reached a basic agreement with a group of creditors as part of efforts to restructure the company's hefty debts. "The company plans to hold a creditors' meeting in the third or fourth week of November to get an approval on the proposed term sheet which has been agreed with Astra's credit committee," the company said in a statement to the bourse. Some analysts estimate Astra's consolidated ...

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