Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
Samin Tan agreed to buy Bumi Plc shares for US$223 million
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