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Indonesia consortium in talks to buy a Bumi Resources coal unit-sources
October 9, 2012 / 2:50 AM / in 5 years

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

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.

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