On Saturday, Bakrie Brothers announced that it would sell its 35% stake in Bumi Resources to Northstar Pacific, an affiliate of the US-based Texas Pacific Group TPG, for $1.3 billion. The price-tag is based on BumiÆs share price a month ago, just before the shares were suspended.
But, so little information has been revealed that observers believe the announcement merely serves as an invitation for other parties to throw their hats...
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