Bumi is confident on KPC-Arutmin divestment

PT Bumi Resources Tbk is confident that it could close the divestment deal of 30% shares in two coal mining subsidiaries PT KPC & Arutmin before February 9. But investment bankers & analysts doubt that would happen. "They're just want to pump up the price," an analyst said. But one investment banker close to Bakrie family said "It's true difficult to get strategic investor who want to buy 30% shares of KPC & Arutmin. But it's depend on the arrangement, let say the new investor will control the marketing & cash-flow."

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