BUMA put back for sale: Report
Friday, May 15 2009 - 03:13 AM WIB
The owners of mining services company BUMA, formerly known as PT Bukit Makmur Mandiri Utama, have put the company back up for sale, Reuters reported on Thursday, quoting sources.
Private equity firms are expected to bid for the roughly $1 billion business with Bank of America running the process, the news agency said.
Owners of the company tried to sell BUMA late in 2007, but failed to seal a deal. (*)