Mar 8, 2012

Bumi & Bumi Minerals, what is next?

In October last year, Bumi Plc, London-based company, finally announced that the proposed takeover of 75% stake in noncoal company PT Bumi Resources Minerals Tbk (BRMS) won't proceed as uncertainty market situation. 
Referring to the announcement, the proposed US$2.07 billion convertible bonds issuance had been automatically ceased.
What is next move from Bumi and its subsidiary Bumi Minerals? Please login or register to read the remaining story.    

Disclosure: No position at the stock mentioned above.

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