Bumi OKs Recapital's share sale
Tuesday, February 19 2013 - 02:57 AM WIB
By Ruli Setiawan
LSE-listed Bumi plc agreed with PT Recapital Advisors and PT Bukit Mutiara's plan on their sale of 24,203,452 shares, saying it is in accordance with the UK Panel on Takeovers and Mergers' ruling.
Recapital Group earlier announced that they have agreed to dispose their entire holding of 24,203,452 ordinary shares in Bumi.
The purchasers of the Shares are Avenue Luxembourg S.A.R.L, Flaming Luck Investments Limited and funds managed by Argyle Street Management Limited.
Editing by Adianto P. Simamora