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Rothschild Proposes Alternative to Bumi Asset Sale

The mining company Bumi said on Monday that it had received a proposal from the British financier Nathaniel Rothschild, less than a month since Indonesian shareholders in the mining company had offered to buy Bumi's coal mining assets for around $1.2 billion. The announcement, which did not provide specifics of Mr. Rothschild's plans, is the latest in a number of boardroom maneuvers by the British financier and the dynastic Bakrie family of Indonesia over the future control of Bumi. Read more »