Corporate Brief: Berau, Bumi Resources Deny Any Push Toward Merger
October 20, 2011
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Officials at Berau Coal Energy and Bumi Resources have denied a report from the Daily Telegraph newspaper that said its London-based parent company Bumi Plc was eyeing a 4 billion pound ($6.3 billion) merger between the two Indonesian coal miners.
The news came after London-based Bumi Plc scrapped a $2.07 billion plan to acquire Bumi Resources’ non-coal unit, Bumi Resources Minerals. Bumi Plc owns a 29 percent stake in Bumi Resources and an 85 percent stake in Berau.
“Berau denies that there is any possible merger with Bumi Resources pending or under consideration,” Thomas Shreve, a director at Berau Coal, said via e-mail.
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11:55am | Indonesia ‘Most Tolerant Count...
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two days ago they said the opposite -
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The minorities not only need govt presence when they are celebrating, they need it more when they are in peril. Geez... How stupid he thinks -
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Yahoo might have forgotten that not all use Apple products.
