CORPORATE ACTION
A Question of Control

LEAVING the elevator, the young man looked disheveled. His light-blue shirt was unbuttoned at the top. Hurriedly, Patrick Walujo headed towards the Wisma Bakrie 2 grounds, Kuningan, Jakarta, on Thursday night of last week. A black sports Lexus awaited him. His reply was brief when asked about PT Northstar Pacific’s transaction with PT Bumi Resources. “Not now,” he said on his way to the car.

In the last weeks, the building owned by the Bak

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