Fri, Jan 30, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Shareholders of Indonesia’s Bumi approve CIC debt deal

Posted on 13 January 2014

Shareholders of Indonesia’s Bumi Resources, Asia’s biggest thermal coal exporter, approved a crucial $1.3 billion debt-for-equity swap deal with China’s sovereign wealth fund, CIC, even without the presence of its largest owner.
Only one-third of shareholders were required to approve the deal after the Indonesian company delayed a previous vote from Dec. 20. “I hope the deal will be final before Chinese New Year, this month,” Andrew Beckham, a director at Bumi Resources, said………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 15635 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
M T W T F S S
« Dec    
 1234
567891011
12131415161718
19202122232425
262728293031