Bumi plc reaches deal on terms of split from Bakrie family

Bumi plc has signed an agreement that will allow Indonesia's Bakrie Group to divest its interest in the coal miner.

Bumi plc has signed an agreement that will allow Indonesia's Bakrie Group to divest its interest in the coal miner.

Bakrie will cancel its indirect 23.8% stake in exchange for Bumi plc's 10.3% holding in Asia's biggest thermal coal exporter PT Bumi Resources.

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