Rothschild loses Bumi shareholder vote

Nat Rothschild fails to gain shareholder support for the removal of the Bumi board.

Rothschild loses Bumi shareholder vote

Nathaniel Rothschild failed yesterday in his attempt to oust the board of Bumi plc, the company he co-founded with Indonesia's Bakrie Group in 2010. The result means that the UK-listed natural resources firm will move ahead with the Bakries' offer, made last October, to leave the venture in return for full control of one of its operating companies, Bumi Resources, which is Indonesia's biggest coal miner.

The extraordinary general meeting was called...

To continue reading, please login or register for free

Click for more on: bumi | nat rothschild | bakries | shareholder vote

Print Edition

FinanceAsia Print Edition