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Jumat, 15 Februari 2013

Bakrie Group and Bumi PLC agreed on heads of agreement for separation. Based on the agreement, $278m will have to be paid in cash within 5 days following the signing of the agreement, $50 of which would have to be deposited in an escrow by 15/2.

Comments:

$278 in cash reflects Rp 680/sh and is only for around 19% of the group’s 29.2% holding. Details of at what price and method of payment for the remaining percentage is still forthcoming. The vote will be done on Feb 21, 2013.
Posted by Saham Pilihan at 08.51

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