DJ Dubai World To Buy 30% Stake In Indonesian Property Co-Report JAKARTA (Dow Jones)-
Dubai World will buy up to a 30% stake in PT Bakrie Swasaksi Utama, or BSU, for IDR2 trillion ($221 million), the Bisnis Indonesia newspaper reported. The newspaper quoted Hiramsyah Sambudhy Thaib, president director of PT Bakrieland Development (ELTY.JK) as saying that the entrance of the new investor will enable BSU to expand a property project in Jakarta to 75 hectares, from 50 hectares currently. BSU, a unit of Bakrieland, is currently developing the Rasuna Epicentrum, a property project consisting of apartments, a shopping mall and office buildings in one of Jakarta's prime business districts. Newspaper web site: http://www.bisnis.com -By Dow Jones Newswires, Jakarta Bureau; 62-21 39831277; [EMAIL PROTECTED] (END) Dow Jones Newswires October 16, 2007 21:17 ET (01:17 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 09 17 PM EDT 10-16-07
