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 vowed to oppose the plan. Tan’s PT Borneo Lumbung Energi & Metal (BORN) agreed to pay the Bakries $223 million for their 23.8 percent stake in Bumi, the Jakarta-based company said today in an e-mailed statement. The deal will double Tan’s holding to 47.6 percent and make him...
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