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Bakrie

October 7, 2011

Indonesia's Bakrie family risks losing control of coalminer Bumi plc, with reports suggesting the family is considering selling its stake to repay a $1.3 billion (€964 million) loan to a syndicate led by Credit Suisse.

Indonesia's Bakrie family risks losing control of coalminer Bumi plc, with reports suggesting the family is considering selling its stake to repay a $1.3 billion (€964 million) loan to a syndicate led by Credit Suisse.

According to the Financial Times, the family may sell all or part of its 47% stake in Bumi in order to repay a $1.3 billion loan the company used to consolidate its debt before being listed on the London Stock Exchange in April 2011.

April 7, 2011

The Bakrie family, owner of coalminer Bumi Resources, is in talks with London-based Vallar to agree a share swap deal that would see the family lose majority control of Bumi Resources in exchange for an increased share in Vallar.

The Bakrie family, owner of coalminer Bumi Resources, is in talks with London-based Vallar to agree a share swap deal that would see the family lose majority control of Bumi Resources in exchange for an increased share in Vallar.

The deal would see the Indonesia-based family swap 26% of their Bumi Resources for 11.6% of Vallar, according to a statement by Vallar.

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