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Bumi Resources announces the financial closure of the sale of a 30% stake in its coal companies, Kaltim Prima Coal, PT Arutmin Indonesia, and related coal companies to Tata Power. The majority of proceeds from the sale will be used to fully redeem outstanding IndoCoal 2006-2 Notes and repay intercompany debt in the coal companies. Bumi Resources and Tata Power will work closely together to maximize future value for stakeholders.

Author

Genoveva Irene Vimala Tisnabudi

Language

EN