End in sight for Borneo, Bakrie partnership
Paper Edition | Page: 13 Hard coking coal miner PT Borneo Lumbung Energi & Metal is clinging to the hope that it could recover its investment in London-listed Bumi plc from its partner Bakrie...
View ArticleBumi Chairman Tan to Double Stake to 47.6% in Bakrie Deal
Bumi Plc (BUMI) Chairman Samin Tan agreed to buy out Indonesia’s Bakrie family from the London-traded coal producer, setting him on course for a battle with financier Nathaniel Rothschild, who has...
View ArticleRothschild Rails Against Bumi’s Bakrie Exit Plan as ‘Stitch-Up’
Nathaniel Rothschild, the financier who co-founded Bumi Plc (BUMI), has vowed to fight a deal struck by the Indonesian coal producer’s two biggest shareholders giving Chairman Samin Tan control of...
View ArticleBumi Chairman’s Plan to Double Stake Incurs Wrath of Rothschild
Bumi Plc Chairman Samin Tan’s agreement to buy out the Bakrie family from the Indonesian coal producer has provoked the ire of financier and fellow shareholder Nathaniel Rothschild. Tan’s PT Borneo...
View ArticleBumi Said to Near $508 Million Bakrie Exit, Weigh Dividend
Bumi Plc (BUMI), the Indonesian coal producer at the center of an ownership dispute, is close to a $508 million deal that will see one of its co-founders, the Bakrie family, exit from their investment...
View ArticleRothschild: co-chairman’s resignation is 'meaningless'
Co-founder of London-listed Bumi Plc, Nathaniel Rothschild said on Saturday that the resignation of the company’s co-chairman, Indra Bakrie, was meaningless as Bakrie Group’s ally Samin Tan remains on...
View ArticleFractured Bumi Favors Bakrie Offer Over Rothschild's
Jakarta. Coal miner Bumi Plc said Thursday it will likely side with Indonesia's powerful Bakrie family in a tussle with British tycoon Nathaniel Rothschild for control of the country's lucrative...
View ArticleBumi's Tan Ready to Accept Bakrie Offer
By ERIC BELLMAN And ALEX MACDONALD JAKARTA—Samin Tan, the chairman of Bumi PLC and one of its largest shareholders, is ready to accept the $1.2 billion proposal from the Bakrie Group to buy Bumi's...
View ArticleCoal Miner Bumi Moves Towards Bakrie Divorce
Indonesia-focused miner Bumi moved closer to divorcing the Bakrie family that co-founded it, announcing the departure of its Bakrie-supported chief executive and plans to sell its stake in unit Bumi...
View ArticleBumi Plc. shareholders join forces to keep Berau
Paper Edition | Page: 13 The minority shareholders of Bumi Plc., including Nathaniel Rothschild, will try to maintain the company’s existence and listing on the London Stock Exchange (LSE) by blocking...
View ArticleBumi Agrees to Recover Missing $173 Million From Former Director
Bumi Plc, the Indonesian coal producer trying to recover $201 million in missing funds, said it agreed to recover the majority of the money in a deal with former company director Rosan Roeslani....
View ArticleBumi’s defeat of Rothschild clears way for Bakries split
Bumi Plc’s defeat of an attempt by co-founder Nathaniel Rothschild to take control of the board clears the way for the coal producer to proceed with a deal to split from Indonesia’s Bakrie family....
View ArticleBakrie Group accuses Rothschild of hacking
Paper Edition | Page: 13 The Bakrie Group, the shareholder of London-listed Bumi Plc., has said that documents used as the basis of an investigation into the company’s Indonesian units PT Bumi...
View ArticleRothschild Quits Bumi to Fight Bakries’ $1.2 Billion Offer
Nathaniel Rothschild, scion of a centuries-old banking dynasty, intensified a feud with Indonesia’s Bakrie family by quitting the board of their joint coal business and vowing to fight “from outside...
View ArticleRecapital may lose voting rights to decide Bakrie’s exit
Paper Edition | Page: 13 A PT Recapital Advisors executive said that the UK Takeover Panel was reviewing its affiliation with other shareholders in London-listed Bumi Plc. following Indonesian...
View ArticleBakries ready for split after big victory over Nat
Paper Edition | Page: 3 Indonesia’s politically wired Bakrie Group is on its way to taking back its crown jewel, coal miner PT Bumi Resources from London-listed Bumi plc following a victory in power...
View ArticleRothschild Quits Bumi Board
, Jakarta:Nathaniel Rothschild, scion of a centuries-old banking dynasty, intensified a feud with Indonesias Bakrie family by quitting the board of their joint coal business and vowing to fight from...
View ArticleExclusive: Indonesia's Bakries could split from tycoon Tan over Bumi dispute
JAKARTA/LONDON (Reuters) - Indonesia's Bakrie family is facing a potential split with business tycoon Samin Tan, who pulled the Bakrie Group from the brink of default when he invested $1 billion in...
View ArticleBorneo sees divorce in Bumi Plc's Indonesian partners
By Janeman Latul JAKARTA (Reuters) - Indonesia's Bakrie family has agreed in principle to pay compensation to coal tycoon Samin Tan for his soured $1 billion investment in their joint stake in Bumi...
View ArticleSamin to Stay With Bumi Plc Despite Bakrie Exit
Samin Tan, chairman of London-listed joint venture Bumi Plc, has decided to keep his ownership in the company despite a Bakrie Group proposal to pull out of the venture last week. The Bakrie Group,...
View ArticleBumi Chairman Tan Says Has Support to Block Rothschild Board Bid
Bumi Plc Chairman Samin Tan said he has enough support to stop a bid by Nathaniel Rothschild to remove him and 11 other board members, amid a dispute for control of the coal company. “We are talking...
View ArticleBorneo Sees Divorce in Bumi Plc’s Indonesian Partners
Indonesia’s Bakrie family has agreed in principle to pay compensation to coal tycoon Samin Tan for his soured $1 billion investment in their joint stake in Bumi Plc, meaning a “divorce” in the...
View ArticleBorneo seeks full return of investment in Bumi Plc.
Paper Edition | Page: 13 Coal miner PT Borneo Lumbung Energi & Metal (BORN) said that it was focusing on ways to recoup its original investment worth US$1 billion after the Bakrie Group proposed...
View ArticleBumi Says Rothschild’s Proposal for Company Is ‘Undeliverable’
Bumi Plc (BUMI), the coal company at the center of a dispute between Nathaniel Rothschild and Indonesia’s Bakrie Group, said a proposal from the financier for its assets can’t proceed. The offer from...
View ArticleBakrie’s Bumi exit could cost $1.6 billion
Paper Edition | Page: 13 The Bakrie Group’s plan to take over all of Bumi Plc’s Indonesian assets could prove to be “a tough nut to crack”, according to analysts, as a major partner has demanded a...
View ArticleBumi Plc. expects to retain business in Indonesia
Paper Edition | Page: 13 London-listed Bumi Plc., which controls a stake in two of Indonesia’s major coal producers, expects to retain its grip on assets in the country despite the planned exit of its...
View ArticleRothschild calls EGM to kick out Bakries’ appointees
British financier Nathaniel Rothschild has urged troubled Bumi Plc to hold an extraordinary general meeting (EGM) to force the removal of its chairman and directors. Rothschild, through his business...
View ArticleIndonesia’s Borneo Rejects Rothschild Proposal for Bumi Plc
PT Borneo Lumbung Energi & Metal (BORN) rejected a proposal from Nathaniel Rothschild to sell its stake in Bumi Plc (BUMI), the company at the center of a dispute between Rothschild and...
View ArticleTan to buy out Bakries from Bumi Plc in $223 million deal
JAKARTA/LONDON (Reuters) - Indonesian coal tycoon Samin Tan has agreed a $223 million deal to lift his stake in Bumi Plc to over 47 percent, buying out the Bakrie family in the first part of a deal...
View ArticleRothschild in Twitter spat
London - Financier Nathaniel Rothschild and a member of Indonesia’s Bakrie family were involved in an angry exchange on Twitter after they completed a long-delayed $501 million deal to unwind a...
View ArticleARMS split from Bakries culminates in Twitter spat with Rothschild
LONDON (Reuters) - Coal miner Asia Resource Minerals (ARMS) (ARMS.L) on Tuesday announced its long-awaited split with the Indonesian family that helped found it, sparking bitter posts on Twitter...
View ArticleBakries Say They Have All Funds Needed for London Exit
By Jesse Riseborough on 6:22 pm February 27, 2014. Category Business, Corporate News, Featured Tags: Aburizal Bakrie, Bakrie Group, Bumi Plc., Bumi Resources, Nat Rothschild Bakrie Group head Aburizal...
View ArticleIndonesia's Borneo says Bakries agree compensation for Bumi
JAKARTA (Reuters) - Indonesia's Bakrie family has agreed in principle to pay financial compensation via its investment vehicle Long Haul Holding Ltd to coal miner PT Borneo Lumbung Energi for a $1...
View ArticleBorneo Lumbung in Efforts to Restructure $500m Loan
By Efi Nurfiyasari on 10:57 am October 18, 2013. Category Business, Corporate News Tags: Borneo Lumbung Energy & Metal, Indonesia mining Coal producer Borneo Lumbung Energy & Metal is proposing...
View ArticleBUMI share price up after Bakrie separation announced
Paper Edition | Page: 17 Shares in PT Bumi Resources, stock symbol BUMI, closed high on Thursday after its majority shareholder, London listed Bumi PLC, announced that the energy and mining company...
View ArticleBumi Sees December Vote on $501 Million Bakrie Separation
By Jesse Riseborough on 7:13 pm November 29, 2013. Category Business, Corporate News, Featured Tags: Aburizal Bakrie, Bumi Plc., Nat Rothschild A worker walks past a wall of coal at a mine in the Berau...
View ArticleBorneo to sell AKT’s shares to expand, pay debts
Paper Edition | Page: 13 Coal miner PT Borneo Lumbung Energi & Metal (BORN) said that it expected to reach a deal on the sale of part of its stake in coal mining subsidiary PT Asmin Koalindo Tuhup...
View ArticleTycoon to buy Bakrie stake in Bumi coal mine
Related articles Battle for Bumi on as investor sells 10% stake Bakries to end Bumi deal Rothschild defeated in showdown JAKARTA — Indonesian coal tycoon Samin Tan has agreed to a $223m deal to lift...
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