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nat rothschild

February 22, 2013

Financier Nat Rothschild has failed in his bid to replace the board of Bumi, the ill-fated FTSE 250 coalminer he co-founded in 2010 with Indonesia’s Bakrie family.

Financier Nat Rothschild has failed in his bid to replace the board of Bumi, the ill-fated FTSE 250 coalminer he co-founded in 2010 with Indonesia’s Bakrie family.

On 21 February Rothschild attended Bumi’s extraordinary general meeting in London, arriving with his mother, Lady Serena Rothschild, and leaving with 19 out of 22 of his resolutions rejected by shareholders.

Possibly the most important resolution – Rothschild’s proposed appointment as executive director of the board – was rejected by 63% of investors.

January 17, 2013

Financier Nat Rothschild faces fresh setbacks as he attempts to regain control of Bumi, the London-listed coal venture he created in 2010 in a doomed $3 billion (€2.25 billion) deal with Indonesia’s Bakrie family.

Financier Nat Rothschild faces fresh setbacks as he attempts to regain control of Bumi, the London-listed coal venture he created in 2010 in a doomed $3 billion (€2.25 billion) deal with Indonesia’s Bakrie family.

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.

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