Indonesia consortium in talks to buy a bumi resources coal unit-sources

Indonesia consortium in talks to buy a bumi resources coal unit-sources

Play all audios:

Loading...

JAKARTA, Oct 9 (Reuters) - Sampoerna group, one ofIndonesia's leading conglomerates, is leading a consortium oflocal investors that is in talks to buy a 50 percent stake in PTFajar Bumi


Sakti, a coal unit of Bumi Resources , foraround $200 million, sources with direct knowledge the mattersaid on Tuesday. The move is part of a plan to pay down some of its $3.9billion debt,


which includes $1.5 billion owed to sovereignwealth fund China Investment Corp . (Reporting by Janeman Latul; Editing by Matthew Bigg andMuralikumar Anantharaman)


(([email protected])(+6221-3199-7170)(Reuters Messaging: [email protected])) Keywords: BUMI SAMPOERNA/