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Looking to an Old Friend

Tuesday, November 11, 2008

San Miguel, a friend of one of the members of the Bakrie family, put forward a new price for Bumi. Could the agreement between Bakrie and Northstar still be overridden?

arsip tempo : 172851641373.

. tempo : 172851641373.

APPARENTLY, the San Miguel Corporation doesn’t yet want to throw in the towel. Even though PT Bakrie & Brothers Tbk already signed a sales purchase agreement with Northstar Pacific on Friday night two weeks ago, this food and beverage company from the Philippines is still in the hunt for a 35 percent share in Bumi Resources, a Bakrie subsidiary company.

In a letter sent from Mandaluyong City, Metro Manila, the Philippines, on Wednesday last we

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