Indonesia's Bakrie to lift Bumi, Bakrieland stakes

Tue Jun 30, 2009 2:54am EDT
 
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JAKARTA, June 30 (Reuters) - Indonesia's PT Bakrie & Brothers Tbk (BNBR.JK) said on Tuesday it plans to raise its stake in coal miner PT Bumi Resources Tbk (BUMI.JK) to about 27 percent from 20 percent currently.

Director Dileep Srivastava also said Bakrie & Brothers planned to lift its stake in property firm PT Bakrieland Development Tbk (ELTY.JK) to 23-25 percent from 15 percent currently. (Reporting by Andreas Ismar; Writing by Dicky Kristanto; Editing by Ed Davies)

 

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