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Sovereign Wealth Funds Briefing - Categorized | Investment

China’s CIC may be a buyer of Bumi stake

Posted on 24 June 2010

From Thestar.com.my: PT Bumi Resources, Indonesia’s biggest coal miner by output, said Chinese sovereign fund China Investment Corp (CIC) could be one of the buyers of the company’s stake worth as much as US$495mil.
Bumi is the prized asset of the Bakrie group. A source had told Reuters in May that CIC would be the main buyer of the placement, after Bumi said last year that CIC had lent it US$1.9bil via debt instruments……………………………………….Full Article: Source


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