Billionaire Salim's Unit Is in Talks for $300 Million Bank Loan [BNN Bloomberg (Canada)]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: BNN Bloomberg
Half the proceeds will refinance a $150 million loan of Tamaris' water treatment subsidiary Moya Holdings Asia, said the people familiar who asked not to be identified because the deal is private. The remainder will be used for a capital injection into Moya. Anthoni Salim controls Salim Group, an Indonesian conglomerate with interests that range from food to telecommunications. Salim's Moya venture controls half of Jakarta's waterworks, with subsidiary PT Air Bersih Jakarta tapped by the government to expand piped water access for the city's 11 million residents. Salim, Maybank and Natixis didn't immediately respond to requests for comment. Moya's director Darmasen Anwar didn't immediately respond to a text message requesting comment. --With assistance from Sheryl Tian Tong Lee. ©2024 Bloomberg L.P. FAANG stocks
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