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

Sovereign Wealth Funds Briefing - Categorized | Investment

Bumi eager to buy mines in Indonesia and overseas

Posted on 24 March 2010

From Thejakartaglobe.com: PT Bumi Resources, the country’s largest coal miner, is seeking acquisitions at home and overseas as the price for power-station fuel rises around the world. China Investment Corp., the Chinese sovereign wealth fund, bought $1.9 billion of debt from Bumi in September.

“We want to get as large as possible as quickly as possible and focus on international expansion that we believe pays better-than-average shareholder returns,” Bumi director Ken Farrell said on the sidelines of a conference in Singapore on Tuesday……………………………..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