Anthony Salim's Comeback May Be Coming Apart

The Indonesian tycoon is having trouble unloading assets

Late last year, Anthony Salim created waves by announcing he would restructure what was Indonesia's biggest conglomerate, the $20 billion Salim Group. He would raise $4 billion by selling assets, use the money to clean up his Bank Central Asia (BCA), which was nationalized last May, and then buy back a stake in the bank. Salim was the first to make such a move and looked likely to blaze a trail for dozens of other indebted Indonesian tycoons.

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