Nine foreign banks intends to channel a syndicated loan facility worth US$450 million with tenor 5 years for Trans Corporation to develop its business. Trans Corporation own by tycon Chairul Tanjung.
The creditur include JP Morgan, Citibank, Credit Suise, HSBC, Standard Chartered, and RBS. The signing of the syndicated credit will be done in the third week of March. The loan will be used to develop Trans Corp’s business, including a plan to construct a new building in Bekasi, West Java.
In 2006, the Para Group 9now is CT Corporation) joined the retail business by acquiring several well-known franchises, such as Coffee Bean, Baskin Robins Ice Cream, Mahagaya Perdana, and establishing Trans Lifestyle as an umbrella for the retail business.
PT Mahagaya Perdana is the distributor of popular brands, such as Mango, Prada, Escada, Gucci, Hugo Boss, Alfred Dunhill, and Ettiene Aigner.
Last year, Chairul Tanjung strengthens his retail business by acquiring a 40% stake in PT Carrefour Indonesia through PT Trans Retail.
Tanjung, the 937th richest country in the world, according to the March edition of Forbes magazine, spends more than US$300 million on the acquisition.The other shareholders of the Carrefour following Tanjung's acquisition are Carrefour S.A (39%), Carrefour Nederland B.V (9,5%) and Onesia B.V (11,5%).
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