Indonesia consortium in talks to buy a Bumi Resources coal unit-sources

JAKARTA Mon Oct 8, 2012 10:50pm EDT

JAKARTA Oct 9 (Reuters) - Sampoerna group, one of Indonesia's leading conglomerates, is leading a consortium of local investors that is in talks to buy a 50 percent stake in PT Fajar Bumi Sakti, a coal unit of Bumi Resources, for around $200 million, sources with direct knowledge the matter said on Tuesday.

The move is part of a plan to pay down some of its $3.9 billion debt, which includes $1.5 billion owed to sovereign wealth fund China Investment Corp.