09.10.2012 - Indonesia consortium in talks to buy half of Bumi Resources unit
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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