21.12.2010 - Vallar intends to pay Bumi's debt to CIC
From Theindonesiatoday.com: Vallar Plc, a company owned by Rothschild group, plans to raise additional fund next year to repay US$1.9 billion debt owed by PT Bumi Resources Tbk (BUMI) to China Investment Corporation (CIC), Bisnis Indonesia reported this morning. Daren Morris, financial advisor of Vallar, said the CIC's debt repayment will lower Bumi's financial charges and reduce influence of China's investor on Bakrie Group's coal production and sales..............................................Full Article: Source
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