Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Indonesia’s Bumi Transfers 19% KPC Stake to China’s CIC

Posted on 04 July 2014

Coal miner Bumi Resources confirmed a transfer of a 19 percent stake in coal mining Kaltim Prima Coal valued at $950 million to China Investment Corporation as part of the debt-to-equity deal agreed on October 2013, Bumi said in a statement on Thursday.
The coal miner said it owes $1.99 billion to the Chinese sovereign wealth fund in the form of a principal loan, deferred interest and make-whole costs. With the share transfer, its debt to CIC has been reduced to $1.04 billion………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15434 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031