TOKYO -- In a strategic revamp Lippo Group, the sprawling Indonesian conglomerate, plans to divide in two, a senior executive said: a core group of real estate and health care businesses, and a non-core group of operations, some of which "we should sell completely."
The radical overhaul comes as one of Asia's biggest conglomerates readies for what it believes will be a period of slow economic growth and what John Riady, the group's heir apparent, calls the "end of one of the biggest credit cycles in modern economic history."
