Samin Tan agreed to buy Bumi Plc shares for US$223 million Coal tycoon Samin Tan has agreed to a US $223 million deal that would elevate his stakes in Bumi Plc to over 47%.
Tags: Bumi Plc
Tan in talks to sell ARMS stake to repay Standard Chartered
Indonesian businessman Samin Tan is in talks to sell assets including all or part of his stake in Asia Resource Minerals (ARMS) to help repay Standard Chartered and Raiffeisen close to $1 billion.
Accountant says ARMS needs refinancing to secure future
Asia Resource Minerals (ARMS) , the Indonesia-focused miner formerly known as Bumi Plc, needs to refinance its debts soon in order to survive, its accountants said on Thursday, as the firm posted a wider first-half underlying loss.
Bumi shareholders to decide on spin-off from Bakrie family
Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.
Top deals of the Day - Bids, Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
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Thaksin Shinawatra, the former Thai PM, would purchase the Bakrie family interest in Bumi Plc. Thaksin Shinawatra, the former Thailand prime minister, has been in discussion to purchase the 23.
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