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Bumi takes first steps to separate from Bakries

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By Sarah Young LONDON (Reuters) - Coal miner Bumi Plc set in motion the first part of a plan to separate from Indonesia's Bakrie family, signing a $501 million agreement to sell a minority stake in Jakarta-listed Bumi Resources to the Bakries. The agreement, which is subject to independent shareholder approval, is conditional a deal involving the Bakries selling their 23.8 percent interest in Bumi Plc. Bumi Plc was co-founded by financier Nat Rothschild and Indonesia's influential...

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