Bumi-Borneo deal collapsed, what next?
The collapsed of US$3.2 billion deal between PT Bumi Resources Tbk and PT Borneo Lumbung Energi has raised the question of Bumi's future, including the cancellation of merger with PT Energi Mega Persada Tbk. The divestment of PT Kaltim Prima Coal and PT Arutmin Indonesia has entered a new stage in which the owner of Bumi has reportedly approached new buyer, a consortium of US-led investment company, but at a very much lesser amount than Renaissance Capital's Borneo acquisition offer.
"They might roll over the debts to be term loans. They might also looking for more debts for Bumi," said an investment banker familiar with the coal mining business.
The cancellation of Bumi-Energi merger would put another pressure to Energi at the time of hefty problems with mudflow disaster at Lapindo Brantas Inc in Sidoarjo, East Java.
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"They might roll over the debts to be term loans. They might also looking for more debts for Bumi," said an investment banker familiar with the coal mining business.
The cancellation of Bumi-Energi merger would put another pressure to Energi at the time of hefty problems with mudflow disaster at Lapindo Brantas Inc in Sidoarjo, East Java.
Labels: Bumi Resources, COAL, Energi Mega Persada, Lapindo
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posted by yosef at 6:42 AM
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