One of the year’s most complex M&A deals, involving a backdoor listing and well-known banking family scion Nathaniel (Nat) Rothschild and Indonesian tycoons, the Bakrie brothers, was announced yesterday. The deal, which has a value of around $3 billion, creates an Indonesian “resources champion” and allows the Bakries to become the first Indonesians to have a London Stock Exchange-listed firm. It is also a reflection of how established money from the West is increasingly looking east for higher growth and better returns.
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