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Tan to buy out Bakries from Bumi Plc in $223 million deal

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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 aimed at ending the family's involvement in the troubled London-listed coal miner. Bumi Plc was co-founded by financier Nat Rothschild and Indonesia's influential Bakrie family. But Bumi Plc and the Bakries have been seeking to part ways after two years of boardroom battles and a probe into financial irregularities. Tan, Bumi's outgoing chairman, is buying the Bakries' 23.8 percent stake through Indonesia's Borneo...

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