| From WSJ: PT Bakrie & Brothers, a conglomerate that borrowed heavily from foreign and domestic banks, became the highest-profile Indonesian victim of the global credit crisis on Saturday when it agreed to sell its 35% stake in a highly profitable coal-mining company to a consortium led by a local affiliate of TPG Capital for $1.3 billion.
PT Northstar Pacific Partners of Indonesia, which runs a $400 million private-equity fund in which TPG has invested, said it is leading the bid to purchase Bakrie & Brothers' stake in PT Bumi Resources. .... Full Article: Source
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