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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Indonesia consortium in talks to buy half of Bumi Resources unit

Posted on 09 October 2012

Sampoerna group, one of Indonesia’s leading conglomerates, is leading a consortium of local investors that is in talks to buy a 50 percent stake in PT Fajar Bumi Sakti, a coal unit of Bumi Resources, for around $200 million, sources said.
The move is part of a plan by Bumi Resources to pay down some of its $3.9 billion debt, which includes $1.5 billion owed to sovereign wealth fund China Investment Corp………………………………………..Full Article: Source


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