Lippo in talks with banks for acquisition loan

By Pan Yue
30 Sep 2020

Lippo Malls Indonesia Retail Trust is in discussions with banks for a S$120m ($87m) loan that will support its acquisition of shopping malls in Indonesia.

BNP Paribas, Deutsche Bank, Standard Chartered and Shanghai Pudong Development Bank are understood to be involved in the talks.  

Lippo announced in March 2019 that it had agreed to acquire units of Lippo Mall Puri from Mandiri Cipta Gemilang, a wholly-owned subsidiary of Lippo Karawaci, for S$354.7m. However, the ...

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