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BAKRIE GROUP
Losing Bumi

Tuesday, November 4, 2008

Bakrie relinquishes Bumi to Northstar Pacific. An agreement had to be reached because the Finance Minister asked that its share trading be opened on Monday this week.

arsip tempo : 173108499650.

. tempo : 173108499650.

THE Bakrie Group seems to have a penchant for puzzles, whether in buying or selling assets. Two years ago this business group caused a furor when PT Bumi Resources’ plans to sell the shares of its two subsidiaries, PT Kaltim Prima Coal and PT Arutmin Indonesia, worth US$3.25 billion were cut short midway.

This time capital market players were dying to know to whom PT Bakrie & Brothers would relinquish 35 percent of Bumi shares. And the mystery

...

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