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Reuters reported that coal miner Bumi has taken steps towards cutting ties with the Bakrie family, who co-founded it the company.
Reuters reported that coal miner Bumi has taken steps towards cutting ties with the Bakrie family, who co-founded it the company.
As quoted in the market report:
But, in a statement issued after a Wednesday board meeting, the board indicated it would resist Bakrie plans to unwind the entire venture, saying it had no intention of recommending the sale of its second key asset – a majority stake in Berau Coal – under the terms of a split proposed by the family in October.