Bumi denies NR statement on company liquidation

By Ruli Setiawan

London-based Bumi Plc said that it has no intention of liquidating the company.

The statement was made to respond to NR Investments' announcement stating that the current Board is proposing the effective liquidation of the Company

Bumi said that the company has clearly stated publicly in its announcement of 7 January that it was progressing its proposal to unwind the relationship with Bumi Resources and the Bakrie Group in a transaction that will result in an operating group focused on Berau and with significant cash resources.

"The statement by NR Investments is wholly inaccurate and appears intended to mislead shareholders as part of a sustained campaign by Nat Rothschild to take control of the Company without paying a premium," it said.

Editing by Adianto P. Simamora