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Bumi Resources

October 11, 2012

The Bakrie family, which controls the namesake Indonesian conglomerate, plans to sever ties with London-listed coal group Bumi, on the back of ongoing shareholder dispute and an investigation into financial irregularities at the Asian family business.

The Bakrie family, which controls the namesake Indonesian conglomerate, plans to sever ties with London-listed coal group Bumi, on the back of ongoing shareholder dispute and an investigation into financial irregularities at the Asian family business.

In a statement on 11 October, the Bakrie Group said it wants to acquire all of Bumi’s operating assets, swapping it for cash and the family’s 23.8% indirect stake in Bumi.

September 7, 2011

Nathaniel Rothschild, a scion of the Rothschild banking dynasty, looks set to make millions by announcing plans to merge his London-listed investment vehicle Vallares with oil producing group Genel Energy International.

Nathaniel Rothschild, a scion of the Rothschild banking dynasty, looks set to make millions by announcing plans to merge his London-listed investment vehicle Vallares with oil producing group Genel Energy International.

The merger, announced on 6 September, will see Vallares acquiring a 100% stake in Genel through the issue of new shares worth $2.1 billion, the group said in a statement.

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