Bakrie family propose divorce from Bumi Plc

Indonesia’s powerful Bakrie family have proposed a divorce with London coal miner Bumi Plc , the group they co-founded with financier Nat Rothschild, offering to take back the Indonesian assets they brought in less than two years ago.

News on Thursday of the proposed split, which would leave the London firm without operating assets, comes after months of tumbling prices and shareholder tension, and just weeks after Bumi Plc announced a probe into potential wrongdoing at its Indonesian operations, including PT Bumi Resources, the jewel in the Bakrie crown.

via Business feed http://www.scmp.com/business/companies/article/1058617/bakrie-family-propose-divorce-bumi-plc