Korea Electric Power Corp., South Korea's largest utility, plans raise a total of US$500 million in loans to help it buy a stake in PT Bayan Resources.
The company agreed to US$250 million in three-month loans from Standard Chartered Plc late last month.
Kepco plans to buy a 20 percent stake in the Indonesian coal producer for about US$515 million. The Seoul-based utility last month also agreed to buy a coal mine in Australia from Anglo American Plc for US$366 million.
No comments:
Post a Comment