Saham Bumi : blog saham SEJUTA INVESTOR THE BAKRIES

Desember 25, 2012

BAKR13 out of BUM1 … 2512/2012

Filed under: BURSA bumi — bumi2009fans @ 12:00 am

Grup Astra masih jadi jawara bursa
Oleh Veri Nurhansyah Tragistina, Agustinus Beo Da Costa, Avanty Nurdiana, Yuwono Triatmodjo – Senin, 24 Desember 2012 | 17:00 WIB
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JAKARTA. Peta kapitalisasi pasar saham emiten konglomerasi di Bursa Efek Indonesia (BEI) berubah di tahun ini. Naik turun nilai kapitalisasi saham emiten konglomerat, plus tambahan saham emiten baru, turut mendongkrak nilai pasar saham Indonesia.
Sebagai gambaran, per 30 Desember 2011, total kapitalisasi pasar modal Indonesia mencapai Rp 3.537,29 triliun. Per 21 Desember 2012, kapitalisasi pasar Bursa Efek Indonesia (BEI) naik 15,07% menjadi

Rp 4.070,3 triliun

. Dari total nilai pasar saham di BEI, sekitar 22,2% ditopang oleh saham emiten dari enam kelompok usaha terkemuka di Indonesia.
Mereka adalah Grup Astra, Grup Salim, Grup Bakrie, Grup Lippo, Grup MNC, serta Grup Sinarmas. Total nilai pasar saham emiten di enam kelompok usaha ini sekitar Rp 905 triliun. Bisa jadi nilai pasar saham BEI lebih tinggi lagi jika kapitalisasi pasar enam kelompok usaha itu naik terus.
Persoalannya, nilai pasar saham dua grup usaha malah turun sepanjang tahun ini, yakni kapitalisasi pasar saham Grup Bakrie dan Grup Astra. Grup Bakrie sebagai contoh. Sejak awal tahun sampai 21 Desember 2012, kapitalisasi pasar sembilan emiten Grup Bakrie merosot 58,54%.
Sebagai perbandingan, akhir tahun lalu kapitalisasi pasar Grup Bakrie tercatat Rp 97,53 triliun. Per 21 Desember 2012, nilainya turun menjadi Rp 40,44 miliar. Begitu pula kapitalisasi pasar Grup Astra (astra dan asii MASEH JAWARa). Nilai saham emiten kelompok usaha ini turun 2% menjadi Rp 391,58 triliun per 21 Desember 2012. Toh, kapitalisasi Grup Astra tetap terbesar, menyusul di belakangnya emiten Grup Salim. Bila dihitung, bobot kapitalisasi saham Grup Astra terhadap indeks mencapai 9,62%. Ini mengindikasikan sensitivitas sentimen grup ini bisa mempengaruhi pergerakan bursa secara keseluruhan.
Satrio Utomo, Kepala Riset Universal Broker Indonesia menilai, anjloknya kapitalisasi emiten Grup Bakrie tak lepas dari kisruh perebutan kekuasaan di Bumi Plc, pemegang saham PT Bumi Resources Tbk (BUMI). Tarik menarik kepentingan Grup Bakrie dengan Nathaniel Rothschild, menjadi sentimen negatif bagi saham BUMI. “Saham emiten Bakrie lainnya akhirnya terimbas cenderung negatif,” kata Satrio, akhir pekan lalu.
Akhir tahun lalu, total nilai saham BUMI mencapai Rp 45,18 triliun saat harganya Rp 2.175 per saham. Per 21 Desember 2012, harga saham BUMI menjadi Rp 600 per saham (saat RERATA HARGA BELI SAHAM bumi gw @571), sehingga kapitalisasi pasar emiten ini turun menjadi Rp 12,46 triliun.
Menurut penilaian Kepala Riset Trust Securities, Reza Priyambada, Grup Astra tetap akan menjadi motor penggerak bursa tahun depan. Terutama ditunjang oleh kinerja tiga punggawa utamanya, yakni PT Astra International Tbk (ASII) (, PT Astra Agro Lestari Tbk (AALI) dan PT United Tractors Tbk (UNTR).
Cuma, sejauh ini saham UNTR masih tersengat sentimen negatif penurunan harga komoditas, yang menurunkan permintaan alat berat. Di saat bersamaan, saham ASII bisa terserempet isu kenaikan harga bahan bakar minyak (BBM) di tahun depan.
Bumi Lebih Suka Tawaran Bakrie, Rothschild Revisi Proposal
Angga Aliya – detikfinance
Sabtu, 22/12/2012 13:06 WIB

Jakarta – Investor asal Inggris Nat Rothschild berencana merevisi tawarannya kepada Bumi Plc setelah ‘kalah’ dari proposal yang ditawarkan Grup Bakrie. Dewan direksi Bumi Plc sudah menyatakan tawaran Rothschild yang sebelumnya tidak bisa diteruskan.

“Nat Rothschild (NR) Investments sedang melakukan revisi terhadap proposal yang akan kembali ditawarkan (ke Bumi Plc) dalam rangka mencapai solusi yang menguntungkan seluruh pemegang saham,” kata Rothschild dalam keterangan tertulis, Sabtu (22/12/2012).

Bumi Plc didirikan oleh kongsi Grup Bakrie-Rothschild di tahun 2011, yang sebelumnya bernama Vallar Plc. Hubungan keduanya mulai memanas tak lama setelah perusahaan tersebut listing di bursa London.

Kabar yang beredar, Rothschild berniat mengambil alih Bumi Plc cara menjatuhkan harga sahamnya melalui kabar ‘miring’ seputar Grup Bakrie. Setelah saham Bumi Plc anjlok, Rothschild akan membelinya di harga murah.

Namun, Grup Bakrie yang sadar akan hal itu pun menyerang balik. Grup Bakrie sudah menarik satu-persatu personelnya dari jajaran direksi dan komisaris Bumi Plc. Setelah Indra Bakrie dan Ari Hudaya lebih dahulu meninggalkan perusahaan yang dulu bernama Vallar Plc itu, Chief Executive Officer (CEO) Bumi Plc Nalin Rathod pun menyusul.

Mundurnya jajaran direksi Bumi Plc itu dipicu oleh ketegangan antara dua investornya, yaitu Grup Bakrie dan Rothschild. Nat yang kabarnya berniat mengambil alih Bumi Plc dari Grup Bakrie menuduh anak usahanya di Indonesia, PT Bumi Resources Tbk (BUMI), telah melakukan penggelapan dana.

Nat pun meminta dilakukannya audit investigasi terhadap BUMI dan BRAU. Audit investigasi pun dilakukan, tapi karena merasa tidak didukung direksi dan komisaris Bumi Plc, Nat pun mengundurkan diri.

Tak lama, Grup Bakrie yang geram atas tuduhan tak berdasar itu langsung mengajukan proposal untuk melepas hubungan dengan Bumi Plc melalui pembelian kembali saham-saham yang dipegang Bumi Plc di aset-asetnya di Indonesia senilai US$ 1,2 miliar.

Yaitu melalui pembelian kembali 29% saham BUMI juga 85% kepemilikan di BRAU yang keduanya merupakan anak usaha Bumi Plc. Pembelian akan dilakukan secara bertahap. Masing-masing nilainya US$ 278 juta dan US$ 950 juta.

Rothschild, yang juga salah satu pemegang saham Mayoritas di Bumi Plc merespons proposal ini dengan tawaran baru, yaitu berani membayar Bumi Plc senilai US$ 270 juta (Rp 2,5 triliun) kepada Bumi Plc melalui NR Investments jika dewan komisarisnya berani memutus hubungan dengan Grup Bakrie dan Samin Tan.

Secara terpisah, dewan direksi Bumi Plc yang sudah melakukan pertemuan menyatakan tidak bisa merespon tawaran Rothschild dan akan melanjutkan pembahasan proposal Grup Bakrie, tawaran yang akan ‘menceraikan’ Bumi Plc dengan Grup Bakrie.

“Kami sudah mempelajari secara mendalam proposal Bakrie dam NR Investments. Beberapa bagian dari proposal Bakrie bisa kami dukung, sementara tawaran NR Investments tidak bisa diteruskan,” kata Senior Independent Non-Executive Director Bumi Plc Julian Horn-Smith dalam keterangan tertulis yang dikutip Bloomberg, Kamis (20/12/2012).

(ang/feb)
Kamis, 20 Desember 2012 | 18:40 WIB
Bakrie Cemaskan Keputusan Take Over Panel

TEMPO.CO, Jakarta – Panel Pengambilalihan, Merger, dan Akuisisi London (Take Over Panel) memutuskan bahwa Grup Bakrie bersama dengan Bukit Mutiara terbukti terafiliasi secara diam-diam dalam transaksi pembelian saham Bumi Plc pada 2010 lalu. Atas putusan tersebut, hak suara Bakrie dan Bukit Mutiara, yang diwakili oleh Recapital, akan dikurangi.

Juru bicara Grup Bakrie, Christopher Fong, mengaku merasa cemas dengan keputusan itu. Sebab, hak suara ini sangat menentukan nasib proposal yang tengah diajukan kepada Bumi Plc untuk menarik Bumi Resources dari perusahaan tersebut.

“Kami harap putusan tersebut tidak berdampak pada penawaran kami untuk mengembalikan Bumi Resources ke Indonesia,” kata Fong kepada Tempo, Kamis, 20 Desember 2012.

Menurut Fong, Grup Bakrie serta Recapital selama ini hanyalah korban permainan dari Nathaniel Rothschild serta para sekutunya. Mereka memang gemar membuat masyarakat salah kaprah atas transaksi-transaksi yang terjadi di Bumi Plc.

Meski begitu, Grup Bakrie merasa lega atas kebijakan lain dari Take Over Panel terhadap Nat dan mitra-mitra Vallar lainnya, yang dinilai lalai sehingga bisa terjadi aksi afiliasi diam-diam tersebut. “Padahal Nat-lah yang mengatur transaksi saat itu. Ini sangat serius dan mengancam reputasi London sebagai pusat bisnis,” Fong menambahkan.

Kekecewaan juga datang dari Direktur Utama PT Berau Coal Energy Tbk Roesan P. Roeslani. Seperti diketahui, Bukit Mutiara merupakan perusahaan milik Grup Recapital yang dipimpin oleh Rosan. Bukit Mutiara ini sebelumnya adalah pemilik mayoritas saham PT Berau Coal Energy Tbk (BRAU), yang sekarang dikuasai Bumi Plc.

“Kami sangat menyayangkan putusan tersebut,” katanya dalam keterangan tertulis. Roesan menegaskan, selama ini Recapital duduk di jajaran direksi non-independen mewakili PT Berau Coal Energy, yang dia klaim dikelola secara profesional sebagai perusahaan publik.

Menurut dia, setiap sinergi yang dilakukan oleh BRAU atau Recapital dengan pihak luar selama ini dilakukan secara transparan, diaudit, dan tidak ada aksi diam-diam. Ia yakin banyak faktor di luar kendali BRAU dan Recapital yang mendasari putusan lembaga tersebut. “Oleh sebab itu, kami tidak mengajukan banding atas putusan tersebut.”

Alih-alih mengajukan banding, Roesan justru menyusul Indra Bakrie dan Ari Hudaya yang hengkang dari Bumi Plc dengan alasan serupa: fokus pada pengembangan aset di dalam negeri.

Ia juga menyesal atas upaya ekspansi internasional dengan Vallar, yang menurut dia, ternyata bukan rekan yang tepat untuk bekerja sama. “Semoga ini jadi pelajaran bagi pengusaha nasional lainnya.”

Sedangkan Nat justru menanggapi positif putusan Take Over Panel tersebut, “Kami menyambut baik dan berniat untuk mengajak pihak Bakrie, Borneo, Bukit Mutiara sebagai pihak yang terkait untuk berdiskusi mencapai solusi bulat yang akan menguntungkan bagi para pemegang saham di BUMI PLC.”

Analis PT Millenium Danatama Asset Management, Desmon Silitonga, menilai kisruh Bumi Plc ini akan merugikan investor. Menurut dia, transaksi di Bumi Plc sejak awal sudah rumit dan cukup aneh. “Kisruh yang terus terjadi ini akan bedampak negatif pada harga saham,” katanya kepada Tempo.

GUSTIDHA BUDIARTIE | FIONA PUTRI
Bakrie & Rosan Roeslani Ditegur Regulator Inggris
Widi Agustian – Okezone
Kamis, 20 Desember 2012 10:32 wib
JAKARTA – United Kingdom Take Over Panel (TOP) melakukan investigasi di Bumi Plc terkait dengan kepemilikan 50,3 persen hak suara yang dimiliki oleh Grup Bakrie dan Bukit Mutiara.

Bukit Mutiara merupakan perusahaan milik Grup Recapital yang dipimpin oleh Rosan P Roeslani. Bukit Mutiara ini sebelumnya adalah pemilik mayoritas saham PT Berau Coal Energy Tbk (BRAU) yang sekarang dikuasai Bumi Plc.

Regulator di Inggris tersebut memutuskan, Grup Bakrie dan Bukit Mutiara harus menurunkan kepemilikan sahamnya menjadi hanya 30 persen saja.

“Panel tidak menyadari akan aksi pembelian saham secara diam-diam (concerted party) tersebut,” jelas regulator Inggris tersebut seperti dilansir dari Bloomberg, Kamis (20/12/2012).

Sementara, NR Investment, perusahaan investasi milik Nat Rothschild menyatakan, pada saat Vallar Plc (sekarang Bumi Plc) melakukan akuisisi atas sejumlah aset tambang batu bara di Indonesia, pihaknya juga tidak menyadari aksi pembelian saham secara sembunyi-sembunyi tersebut.

Selanjutnya, Rosan P Roeslani, mundur dari jabatannya sebagai direksi di Bumi Plc mengikuti Presdir PT Bumi Resources Tbk (BUMI) Ari Hudaya dan Indra Bakrie.

Rosan menyebut, pihaknya menyesalkan putusan United Kingdom Take Over Panel yang menyebut Recapital dikategorikan sebagai pembeli saham yang diam-diam (concerted party). (wdi)
BRIEF-Bumi Plc comments on takeover panel statement
Wed, Dec 19 2012

LONDON, Dec 19 (Reuters) – Bumi PLC : * Bumi notes the statement from the UK panel on takeovers and mergers * Roeslani has resigned from the board, considering this to be in the best

interests of the company * Nalin rathod has informed co he will resign from board after completion of

transaction to separate co from Bumi Resources * Continues to work towards a transaction which separates the bakrie group from

co * There is no intention to dispose of berau

Takeover Panel rules Bumi shareholders are ‘in concert’
Nat Rothschild received a potential boost in his battle over the future of coal mining company Bumi, as the Takeover Panel ordered rival shareholders to reduce their influence over the company.

By Emma Rowley

7:49PM GMT 19 Dec 2012

The Bakries, the Indonesian brothers with whom the financier has fallen out, are acting “in concert” with a company controlled by fellow Indonesian shareholder Rosan Roeslani, the Panel ruled.

In a further twist, the Panel said it would investigate why it had not been alerted to the concert party earlier, while the Bakries said they had complained to the Panel over Mr Rothschild’s conduct.

As a result of the Panel’s decision, the Bakries and Mr Roeslani – who both injected assets to create London-listed Bumi – were ordered to sell shares to reduce their voting power.

The Bakries were already being treated as acting in concert with another Indonesian investor, chairman Samin Tan, with whom they hold Bumi shares in a joint venture. But with Mr Roeslani the parties together had a 43pc voting stake, which must now be reduced to under 30pc.

The ruling could hand Mr Rothschild a greater say over the company as he and the Bakries, with whom he launched Bumi in London, clash over its future. Bumi’s board yesterday said Mr Rothschild’s plan to cut ties with the Bakries and their allies is “undeliverable”, as Mr Roeslani and Mr Tan do not want to comply with his condition they sell out.
Bumi Plc pastikan menolak proposal Rothschild
Oleh Barratut Taqiyyah – Kamis, 20 Desember 2012 | 14:57 WIB | Sumber Bloomberg

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LONDON. Berita mengenai kelanjutan nasib proposal Grup Bakrie dan Grup Rothschild selalu ditunggu-tunggu. Kali ini, Bumi Plc mengumumkan, pihaknya menolak proposal dari NR Investment dari Rothschild karena tidak didukung oleh pemegang saham mayoritas.

Mereka adalah PT Borneo Lumbung Energy Tbk (BORN) yang menggenggam 23,8% saham Bumi Plc dan PT Bukit Mutiara yang memiliki 9,8% saham Bumi Plc. “Hanya sebagian pemegang saham yang mendukung proposal pesaing Grup Bakrie,” jelas Bumi Senior Independent Non-Executive Director Julian Horn-Smith.

Dia menambahkan, Dewan Direksi Bumi Plc sepakat untuk melakukan pemisahan dari Grup Bakrie dan PT Bumi Resources, di mana perusahaan batubara asal Indonesia itu memegang 29% saham Bumi Plc. “Hal ini akan ditentukan oleh pemegang saham sesegera mungkin di 2013,” tegas Horn-Smith.

Sekadar informasi, UK Take Over Panel kemarin (19/12) memutuskan bahwa Grup Bakrie dan Bukit Mutiara yang mengontrol hak voting sebesar 50,3% di Bumi Plc, merupakan pihak terafiliasi. Mereka harus mengurangi hak voting mereka menjadi kurang dari 30% dengan melepas sebagian saham.

BORN & pemegang saham kunci Bumi Plc akan bertemu
Oleh Barratut Taqiyyah – Kamis, 20 Desember 2012 | 11:18 WIB

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JAKARTA. PT Borneo Lumbung Energy & Metal Tbk (BORN) buka suara mengenai keputusan investigasi UK Take Over Panel (TOP) kemarin malam (19/12). Menurut Alexander Ramlie, President Director BORN, keputusan investigasi Panel akan menyebabkan Bumi Plc mampu untuk fokus pada keputusan yang akan diambil ke depan.

Terkait hal tersebut, dalam waktu dekat, BORN akan menggelar pertemuan dengan pemegang saham kunci Bumi Plc untuk mendiskusikan rencana mengenai Bumi Plc. Manajemen BORN juga akan mengklarifikasi pernyataan Nat di beberapa media terkait BORN dan pendiri BORN Samin Tan, yang dinilai tidak akurat.

Selain itu, BORN masih tetap pada keputusannya semula, yakni tidak memiliki niat menjual 23,8% sahamnya di Bumi Plc. “Saat ini, kami tidak sedang dalam proses diskusi ataupun negosiasi apa pun dengan Nathaniel Rothschild ataupun penasihat keuangannya,” jelas Alexander Ramlie.

Sekadar mengingatkan, UK Take Over Panel (TOP) atau badan yang mengawasi dan menetapkan peraturan mengenai aksi akuisisi perusahaan di Inggris memutuskan bahwa Grup Recapital dikategorikan sebagai pihak terafiliasi (concerted party) dengan pemegang saham Bumi Plc lainnya yakni Grup Bakrie dan PT Borneo Lumbung Energi.

Saat ini Recapital mengempit 10% saham Bumi Plc dengan hak suara sebesar 13%. Sementara, Grup Bakrie -yang terdiri dari PT Bakrie & Brothers Tbk (BNBR) dan Long Haul Holdings Limited- serta PT Borneo Lumbung Energi & Metal mengempit 47,6% saham Bumi Plc dengan hak voting 29,9%.

Pada pukul 11.14, saham BORN tak berubah posisi dari level pembukaan yakni Rp 560.

Bumi Rebuffs Rothschild Plan as U.K. Regulator Starts New Probe
By Jesse Riseborough – Dec 20, 2012 1:50 AM GMT+0700

bloomberg

Bumi Plc (BUMI), the company at the center of a dispute between Nathaniel Rothschild and Indonesia’s Bakrie Group, said a proposal from the financier regarding the fate of the $1.1 billion company’s coal assets was rejected.

The offer from Rothschild’s NR Investments lacks support from major shareholders PT Borneo Lumbung, owner of 23.8 percent, and PT Bukit Mutiara, 9.8 percent, Bumi said yesterday in a statement. A rival plan from the Bakrie Group has only partial backing, Bumi Senior Independent Non-Executive Director Julian Horn-Smith said.
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Bumi was founded by Rothschild and the Bakries, a family- owned empire with investments in palm oil to property, in a $3 billion deal in 2010 that grouped stakes in two Indonesian coal producers. Boardroom infighting and financial probes have since prompted moves by both parties to unwind their collaboration, and Rothschild has sought support for a plan to remove the Bakries as shareholders of Bumi.

The board of London-listed Bumi is unanimous in pursuing a separation from the Bakrie Group and PT Bumi Resources (BUMI), in which the coal company holds a 29 percent stake, and will put this to shareholders “as soon as possible” in 2013, Horn-Smith said.

The U.K. Takeover Panel ruled yesterday that the Bakrie Group and Bukit Mutiara, which together control 50.3 percent of the voting rights in Bumi Plc, are regarded as “acting in concert.” They must reduce those rights to less than 30 percent by disposing of shares, the panel said in a statement.
Starting Probe

The panel is also starting a separate probe into “why it was not previously made aware of the existence of the concert party,” and why a waiver was not sought, the statement shows.

At the time of the acquisition of the Indonesian coal assets, Vallar Plc, the precursor to Bumi that was founded by Rothschild, wasn’t made aware of any parties acting in concert, NR Investment said in an e-mailed statement.

Bukit Mutiara is indirectly controlled by Rosan Roeslani, a Bumi director, the panel ruled, saying its decision had been accepted by the Bakrie Group, Mutiara, Bumi and Rothschild.

Roeslani has resigned from Bumi’s board, the coal producer said in its statement. Following his departure, and that of Ari Hudaya, Rothschild and Indra Bakrie, who represented the founding shareholders, the majority of Bumi’s directors are independent, the company said.

PT Borneo Lumbung Energi & Metal (BORN), controlled by Bumi Chairman Samin Tan, said Dec. 18 it rejected a proposal from Rothschild to sell its stake in Bumi and is not in any talks with the financier or his advisers regarding the proposal. It’s seeking to meet with key shareholders for talks on the company.
Recover Investment

Tan’s Borneo acquired a 23.8 percent stake in Bumi Plc in January from the Bakries for $1 billion. At current market prices that stake is now worth about 153 million pounds ($249 million). Borneo expects to recover as much as possible of its investment in Bumi, Alexander Ramlie, president director of Borneo, said Oct. 25.

Borneo Lumbung fell 1.8 percent to 560 rupiah by the close of trading in Jakarta. Bumi, which has slumped 69 percent this year in London, fell 0.7 percent to 268.6 pence.

Rothschild made his proposal after the Bakrie Group in October offered $1.2 billion to buy all of Bumi’s assets — the stake in Bumi Resources and an 85 percent holding in PT Berau Coal Energy. (BRAU) Bumi said yesterday it has no intention of disposing of Berau Coal.

The Bakries welcomed the Takeover Panel’s findings and said they were caught in an “unjust situation,” where holders of 57 percent of the equity in Bumi Plc were restricted to only 29.9 percent of the votes.
‘Serious Step’

They also took the “serious step” of making a formal complaint to the Takeover Panel on Dec. 14 “in relation to the conduct of Mr. Rothschild with respect to the original reverse takeover.” The family repeated a demand for Rothschild to return the 14 million bonus shares, or 6 percent of the company’s stock, that he was awarded at the time the original deal was struck in 2010.

Rothschild has 14.7 percent of the votes after subscribing to 3.16 percent of the initial public offering of Vallar Plc, the precursor to Bumi, the group said in a statement.

Rothschild, who’s being advised by Morgan Stanley, said in an e-mailed statement he would continue to pursue talks with the Bakrie Group, Borneo Lumbung and Bukit Mutiara to seek “a consensual solution that will be in the interest of all Bumi Plc shareholders.”
By Christmas

The Bakrie Group has offered to swap its 23.8 percent stake in London-listed Bumi for 10.3 percent of Bumi Resources, Bumi Plc said in October. The Bakries proposed to buy back the remaining 18.9 percent in Bumi Resources by Christmas and to make an offer for Bumi Plc’s 84.7 percent stake in Berau Coal within six months.

Rothschild’s five-step proposal includes issuing new shares equal to 25 percent of the current share capital at the prevailing Bumi share price, according to a Dec. 12 statement. That would help fund an offer to purchase the 23.8 percent stake in Bumi held by Borneo Lumbung and a 9.8 percent holding of Bukit Mutiara for the same price. His offer to unwind the Bakrie’s investment is identical to the Bakrie family’s own proposal, according to the statement.

The competing proposals follow infighting that has seen Rothschild, who controls about 12 percent of Bumi Plc voting stock, and Co-Chairman Indra Bakrie resign. Investigators in London and Indonesia are probing possible financial anomalies.

Rothschild has made repeated demands for Tan and Roeslani to resign and said last week that he may seek to remove the board of the coal venture.
Institutions’ Backing

Rothschild has said his proposal has the support of Bumi Plc’s top institutional shareholders, including Abu Dhabi Investment Council, Schroders Investment Management Ltd., Standard Life Investments, Taube Hodson Stonex LLP and Artemis Investment Management LLP.

Bumi announced Sept. 24 an inquiry into “potential financial and other irregularities” at its Indonesian operations. The company has received a near-final version of a report by law firm Macfarlanes LLP, which is handling the probe, it said last week.

Borneo yesterday said Rothschild obtained “certain confidential documents” of the company’s that were then given to Bumi’s non-executive directors and used by Macfarlanes in the investigation. It’s investigating the incident and intends “pursuing remedies and reporting any wrongdoing to relevant authorities, including to the police in the U.K. and Indonesia.

In a separate statement, Bumi confirmed that the allegations that underpinned the Macfarlanes probe were first passed to one of its independent directors by Rothschild.

‘‘Rothschild has told the company that the material was offered to him on an unsolicited basis and that he is not in a position to provide details as to the origin of the material or to speak as to how it was originally obtained,’’ Bumi said.
Investor Bumi Plc Siap “Pasang Badan” untuk Rothschild
Ade Hapsari Lestarini – Okezone
Minggu, 16 Desember 2012 20:14 wib

LONDON – Beberapa investor independen kakap di Bumi Plc mengaku bersedia untuk mendukung proposal alternatif dari Nat Rothschild untuk merestrukturisasi perusahan tambang batu bara itu. Termasuk mendukung right issue sebesar USD270 juta (167 juta poundsterling).

Dewan direksi Bumi Plc pada pekan lalu diketahui menolak proposal awal, namun salah satu dari pemegang saham independen terbesar mengatakan bahwa Rothschild telah memberikan tawaran yang lebih baik.

“Ini bukan dukungan carte blanche. Tim manajemen Rothschild harus tepat. Tapi semua itu dalam pertimbangan. Maka kita mendukung dia dan akan mendukung right issue,” tutur investor tersebut kepada The Sunday Telegraph, seperti dilansir dari Telegraph, Minggu (16/12/2012).

Hal tersebut sangat dipahami mengingat kebutuhan dana untuk perusahaan tambang ini begitu kuat yakni mencapai USD350 juta, meskipun usulan hanya diuraikan USD270 juta. Diketahui, keluarga Bakrie yang memiliki saham sebesar 23,7 persen ini telah mengajukan proposal alternatif. Rothschild pun berencana tidak akan mengumpulkan dukungan.

Juru bicara Bakrie sempat mengatakan, daripada mencoba untuk memenuhi kebutuhan ekonomi yang terbatas di Bumi Plc untuk menjadi pengendali saham, dengan sopan pihak Bakrie menyarankan Rothschild untuk menyerahkan saham bonus perusahaan.

Pengambilalihan Panel tersebut akan memutuskan apakah Direktur non-Eksekutif Rosan Roeslani, dan keluarga Bakrie, yang bersama-sama memiliki saham sebesar 43,5 persen secara ekonomi dan 27,4 persen untuk suara, terpaksa harus mengurangi saham pilihannya.

Seperti diketahui, Dewan Komisaris Bumi Plc menyebut pihaknya lebih tertarik dengan proposal Bakrie ketimbang Nat Rotchschild. Meski begitu, dia juga menyebut pengambilalihan saham Bumi Plc yang direncanakan Bakrie tidak bisa dilakukan saat investigasi berlangsung.

Komisaris Independen Bumi Plc Sir Julian Horn Smith mengatakan dirinya lebih tertarik pada usulan Indonesia (Bakrie) dibandingkan dengan tawaran Rotchschild.

“Langkah selanjutnya, kami akan menilik kembali surat Bakrie dan melihat proposal Bakrie yang lebih spesifik yang membuatnya keluar dari perusahaan ,” ungkap Horn, seperti dikutip dari Financial Times, beberapa waktu lalu. (ade)
Grup Bakrie Sikapi Terbongkarnya Pembajakan Email
Direksi Bumi Plc mengakui aksi ilegal pembajakan email perusahaan.
Kamis, 13 Desember 2012, 11:55 Iwan Kurniawan

VIVAnews – Grup Bakrie menghargai dan mengapresiasi keputusan Dewan Direksi Bumi Plc yang telah mengakui adanya aksi ilegal pembajakan terhadap email perusahaan yang menjadi awal dilakukannya investigasi yang panjang dan mahal.

Keputusan ini sekaligus membuktikan tidak ada “wistleblower” terkait informasi yang menjadi polemik selama ini. Justru yang terjadi adalah informasi yang diperoleh secara ilegal tersebut kebenarannya patut untuk diragukan.

“Keputusan Dewan Direksi Bumi Plc membuktikan bahwa informasi yang muncul selama ini hanya didesain untuk kepentingan tertentu, dan kebenarannya sangat meragukan. Apalagi, informasi itu diperoleh secara ilegal. Kami sangat menghargai dan mengapresiasi keputusan Dewan Direksi Bumi Plc tersebut,” kata Juru Bicara Grup Bakrie, Chris Fong, Kamis 13 Desember 2012.

Chris menambahkan, dengan adanya pengakuan bahwa tidak ada “whistleblower”, Grup Bakrie akan terus mengungkap siapa pelaku di belakang semua ini dan pelaku tersebut harus diadili secara hukum.

Terlebih lagi, bukti-bukti yang ada semakin memperkuat indikasi bahwa ada dokumen yang sengaja diubah atau “dipermak” sedemikian rupa untuk menciptakan gambaran negatif mengenai Grup Bakrie. Chris berkeyakinan, kepolisian tidak lama lagi akan bisa segera mengungkap kebenaran dan menghukum pelakunya.

“Kami mendengar bahwa pihak kepolisian memberikan perhatian luar biasa terhadap kasus tindak pidana ini. Dengan kemampuan aparat kepolisian kita, kami optimistis kasus ini bisa dituntaskan dan menghukum pelakunya,” tambahnya.

Terkait dengan rencana Grup Bakrie untuk keluar dari Bumi Plc, Dewan Direksi Bumi Plc juga telah mengonfirmasi mengenai tidak adanya dukungan dari pemegang saham Bumi Plc, Borneo Lumbung Energy, atau Bukit Mutiara, atas proposal tandingan yang diajukan oleh Nathanael (Nath) Rothschild. Dengan demikian, proposal Nath tidak dapat ditindaklanjuti.

Chris mengatakan, investor yang mendukung Nath semuanya bukan pemegang saham di tiga perusahaan yang terkait dengan Bumi Plc, sehingga masuknya mereka justru akan merugikan pemegang saham lama.

Sebab, dana yang dibawa oleh investor tersebut hanya sebagian kecil dari kebutuhan dana yang akan digunakan untuk membeli saham Rosan P. Roslani dan Samin Tan di Bumi Plc. Sementara itu, sebagian besar dana pembelian itu akan menggunakan dana milik Bumi Plc.

“Hemat kami, keputusan Dewan Direksi Bumi Plc menolak proposal Nath sangat tepat. Keputusan itu sangat melindungi investor minoritas di Bumi Plc,” tandas Chris.

Menyusul keputusan dalam rapat dewan direksi, 12 Desember 2012, saat ini Dewan Direksi Bumi Plc mulai fokus untuk melaksanakan tahap pertama dari proposal Grup Bakrie. Yakni, Grup Bakrie akan keluar dari Bumi Plc dan Bumi Plc akan segera mendivestasikan sahamnya di PT Bumi Resources Tbk. (art)

Bakrie Makes Plans to Buy Back Bumi Resources
ID/Harso Kurniawan | December 15, 2012
jakarta globe

The Bakrie Group plans to sell its entire ownership in coal miner and trader Fajar Bumi Sakti and would use proceeds from the sale to finance a proposal to buy back its crown jewel Bumi Resources from London-listed Bumi Plc.

According to a source with knowledge of the matter, the Bakrie Group plans to sell its entire 50 percent stake in Fajar Bumi and expects to raise $200 million to $300 million. The stockholding is valued at Rp 2.47 trillion ($256 million), based on the miner’s market capitalization, which stood at Rp 13.09 trillion on Friday.

The fresh funds will be used to help finance its plan to buy back the 18.9 percent stake in Bumi Resources from Bumi Plc.

“There is already the potential buyer. The transaction will be done this year,” the source said.

Fajar Bumi owns two coal mines in East Kalimantan in Loa Ulung, Tenggarong, and Desa Buluk Seng, Tabang. In Loa Ulung, Fajar Bumi, which oversees a concession area of 988 hectares, has proven coal reserves at 14 million metric tons. In the Tabang mine, which has a 4,955 concession area, reserves are estimated at 100 million tons.

In October, Bakrie put on the table a $1.2 billion offer to buy back the 29 percent ownership in Bumi Resources and the 85 percent stake in Berau Coal Energy, which is owned by Bumi Plc.

British financier Nathaniel Rothschild put forward an alternative proposal on Nov. 5, Bumi Plc said. In Rothschild’s counter proposal, Bakrie-supporting shareholders would be bought out, while Bumi Plc would keep some coal assets, namely majority-owned Berau Coal. Rothschild claimed on Monday that investor support for his proposal to Bumi Plc had grown to include the top-five institutional shareholders and that he sealed commitments totaling $342.5 million, including $75 million from his own pocket.

However, Rothschild has not publicly disclosed the details of the proposal.

Chris Fong, a spokesman for Bakrie, said in an e-mail to Bloomberg on Thursday that the Bakrie Group expressed doubt that Rothschild had gained support for his proposal to unwind a $3 billion deal the financier and the Bakrie family forged two years ago, to create Bumi Plc.

After a board meeting on Wednesday, though, Bumi Plc said that the company was “working towards a transaction which separates the Bakrie Group from the company and divests the minority interest in Bumi Resources.”

Additional reporting by Bloomberg
BEI Minta Penjelasan Perkembangan Terbaru Bumi Plc

Oleh: Agustina Melani
pasarmodal – Minggu, 16 Desember 2012 | 10:55 WIB

INILAH.COM, Jakarta – Manajemen Bursa Efek Indonesia (BEI) telah meminta penjelasan kepada manajemen PT Bumi Resources Tbk (BUMI) mengenai perkembangan terbaru masalah yang terjadi di Bumi Plc.

Manajemen BUMI telah memenuhi panggilan BEI pada Jumat (14/12/2012). Direktur Penilaian Perusahaan BEI Hoesen mengatakan, pihaknya meminta penjelasan kepada manajemen BUMI terkait perkembangan terbaru BUMI Plc.
Selain itu, pihaknya juga mengingatkan mereka mengenai batas waktu laporan keuangan September 2012.

“Kami meminta mengenai penjelasan terbaru. Bila memang ada yang material diharapkan manajemen dapat memberikan perkembangan terbaru dan disampaikan kepada publik. Selain itu bagaimana update investigasi,” ujar Hoesen, akhir pekan ini.

Hoesen menambahkan, pihaknya juga telah mengingatkan mengenai batas waktu laporan keuangan posisi September 2012. Pihaknya juga belum akan melakukan penghentian sementara (suspensi) perdagangan saham BUMI. Hal itu dikarenakan masalah Bumi Plc berada di pemegang saham Bumi Plc.

Sementara itu, Direktur Utama PT Bumi Resources Tbk Ari Hudaya menuturkan, kedatangannya ke BEI untuk mengenal manajemen baru BEI. “Sudah lama tidak bertemu dan ada beberapa direksi baru BEI,” tutur Ari.

Pada perdagangan saham Jumat (14/12/2012), saham BUMI melemah 1,56% ke level Rp630 per saham.

Rothschild Plots Ouster of Bumi Board That ‘Failed’ Holders
By Jesse Riseborough – Dec 13, 2012
bloomberg
Nathaniel Rothschild, scion of a centuries-old banking dynasty, said he may seek to remove the board of the coal venture he founded with Indonesia’s Bakrie family in the coming weeks because it has failed shareholders.

London-listed Bumi Plc (BUMI) lacks a viable plan to sever ties with the Bakries and their “acolytes who will remain behind in even greater voting control of Bumi Plc,” the financier said in an e-mailed statement. Bumi said yesterday it’s working to cut its association with the family and sell a 29 percent interest in Jakarta-based PT Bumi Resources “as soon as practical.”

Rothschild and the Bakrie Group, a palm oil-to-property empire, bundled stakes in Indonesian coal producers Bumi Resources (BUMI) and PT Berau Coal Energy in a $3 billion transaction two years ago. Boardroom infighting that led to Rothschild and Co-Chairman Indra Bakrie resigning from the company and investigations in London and Indonesia into possible financial anomalies have prompted moves by both to unwind the deal.

Bumi Plc’s “board needs to be removed as soon as possible, to safeguard investor interests and prevent further value destruction taking place at Bumi Resources and Berau,” Rothschild said. “Unless the board dramatically alters course, this is exactly what we shall be doing in the weeks ahead.”
New CEO

Rothschild has made repeated demands for Chairman Samin Tan, owner of about 23.8 percent, and Rosan Roeslani, a director who indirectly controls about 13 percent of Bumi, to resign. The board “has yet again failed to do the right thing for its shareholders,” Rothschild said.

Bumi yesterday promoted Nick von Schirnding, head of communications and investor relations, to chief executive officer effective Dec. 31 after current CEO Nalin Rathod told the board he planned to step down. Rathod, who’s also president director of PT Bakrie & Brothers, was appointed to the role in March. He will remain a non-executive director.

“We need to put an end to the shareholder infighting that has plagued the company for the last year,” Von Schirnding said yesterday in an interview. “I believe our shareholders deserve better. We need to move on.”

The Bakries said they welcome the statement from Bumi and see it as a step toward completing their proposed exit from the company. They own 23.8 percent of the stock.
Shares Slump

“We would like to reiterate that we are acutely conscious that the creation of Bumi Plc has been a major disappointment to shareholders, not least ourselves,” Bakrie unit Long Haul Holdings Ltd. said in an e-mailed statement. The group repeated a demand that Rothschild and other founders give up the 16 million bonus shares they received as a success fee.

Bumi dropped 0.9 percent to 268.4 pence by 2:29 p.m. in London. The stock has slumped 70 percent this year, valuing the company at 638 million pounds ($1 billion).

Shares in Bumi Resources gained 4.9 percent in Jakarta trading today, while Berau Coal was unchanged.

“It is another positive and ‘cleansing step’, particularly the appointment of Nick von Schirnding,” said David Butler and Ian Rossouw, London-based analysts at Barclays Capital. “It would also seem the company is moving forward with selling out of its interest in PT Bumi Resources, which could also potentially remove the Bakries from the register.”
Macfarlanes Probe

Bumi has received a near-final version of a report by law firm Macfarlanes LLP after a probe that began in September into potential financial “irregularities” at some of its Indonesian operations.

Bumi “is evaluating all legal and commercial options available to it and has been engaging actively with U.K. regulators and will continue to do so as appropriate,” it said yesterday. Its own investigation has discovered that information linked to the probe was “obtained illegally by e-mail hacking,” Bumi said.

It’s unlikely there will be any writedowns as a result of the probe, Bumi said. Still, there will be a “significant” year-end accounting adjustment to the value of its holding in Berau Coal.

Bumi announced Sept. 24 an inquiry into “potential financial and other irregularities” at its Indonesian operations, Bumi Resources and PT Berau.

The Bakrie Group said this week some documents used to justify the investigation were stolen or accessed by hacking.
‘Misleading Impression’

“Some of these documents appear then to have been ‘doctored’ to give a purposely misleading impression of a number of business transactions at Bumi Resources,” Chris Fong, a Bakrie Group spokesman, said Dec. 10. The Bakries plan to submit a report to U.K. police and regulatory authorities, while Indonesian police are probing the hacking complaints, Fong said.

Rothschild, 41, whose ancestor helped bankroll Britain’s war against Napoleonic France, has described the allegations as a “desperate attempt to divert the inquiry” by the Bakries and Chairman Samin Tan.

“If there were any issue that the board had a concern about in terms of the investigation, clearly Samin Tan would not be where he is,” Von Schirnding said. “The board is very supportive and comfortable with his position.”

Rothschild today called on Von Schirnding to make the full Macfarlanes report available “as soon as possible” so investors can make their own judgments on Tan.

The Bakries offered to buy Bumi Plc’s assets, holdings in Berau and Bumi Resources, in a $1.2 billion proposal to help end “irreconcilable differences” with Rothschild and the other founders, according to a letter containing the Oct. 10 approach. Bumi yesterday said it has no intention of recommending the sale of its Berau stake under the terms proposed by the Bakries.
Shareholder Support

Rothschild said this week his proposal has the support from the top five institutional shareholders and commitments totaling $342.5 million, including $75 million of his own funds.

Abu Dhabi Investment Council, Schroders Investment Management Ltd., Standard Life Investments, Taube Hodson Stonex LLP and Artemis Investment Management LLP all back Rothschild’s proposal to restructure the group, bringing total support to 28 percent of the voting rights of Bumi, according to Rothschild.

Bakrie Group’s Fong said Dec. 11 the group was “skeptical that Mr. Rothschild really had secured the support he claimed to have.” Rothschild’s proposal requires current shareholders PT Borneo Lumbung Energi and Metal and PT Bukit Mutiara to sell their holdings in the London-listed group, Bumi said yesterday.
INDONESIA-Bumi Resources surges on funding proposal

Shares in PT Bumi Resources, Asia’s biggest coal exporter, jumped as much as 8.77 percent on Wednesday after financier Nat Rothschild said on Tuesday he had received investment proposals from top funds.

Rothschild said he has secured the support of 11 investors including Abu Dhabi, Schroders and Standard Life as he seeks to counter efforts by his former partners in Bumi Plc to dismantle its Indonesian coal mining venture. He said investors have committed to injecting fresh cash into Bumi – a total of $342.5 million including his own commitment to put in $75 million.

Bumi Resources shares have nosedived 78 percent from their year-high in February, as of Tuesday’s close.

Shares of the coal miner were up 7.02 percent at 610 rupiah, and were the sixth highest traded with volume of 111 million. The broader index was up 0.2 percent.

1212 (0512 GMT)

(Reporting by Andjarsari Paramaditha, Editing by Jijo Jacob)
Bumi reviews options over PT Bumi Resources

Source: SMW

Bumi has received a near final version of an independent investigation into financial irregularities at its 29%-held PT Bumi Resources.

Bumi’s board is now evaluating all legal and commercial options available to it and has been engaging actively with UK regulators and will continue to do so as appropriate.

At 2:54pm: (LON:BUMI) share price was -10.95p at 273.65p

Story provided by StockMarketWire.com
LONDON – Grup Bakrie tampaknya mulai menarik satu persatu personelnya dari jajaran Bumi Plc. Setelah sebelumnya Indra Bakrie mengundurkan diri, sekarang Chief Executive Officer & Executive Director Bumi Plc Nalin Rathod disebut-sebut bakal segera mengundurkan diri.

Seperti dilansir dari Telegraph, Rabu (12/12/2012), Nalin Rathod disebut bakal mengundurkan diri pada Rabu waktu setempat.

Padahal, Bumi Plc

bakal menggelar pertemuan internal untuk membahas hasil investigasi dari firma hukum, Macfarlanes terkait dugaan penyelewengan di anak usahanya, PT Bumi Resources Tbk (BUMI) dan PT Berau Coal Energy Tbk (BRAU). Pertemuan itu juga bakal membahas proposal dari Grup Bakrie dan Nat Rothschild.

Selain menjadi CEO Bumi Plc, Nalin Rathod juga menjabat sebagai Komisaris Utama PT Kaltim Prima Coal dan PT Arutmin Indonesia dan Komisaris PT Bumi Resources Mineral Tbk (BRMS), PT Bumi Resources Tbk (BUMI), dan PT Gorontalo Minerals.

Dia juga Managing Director Capital Managers Asia Pte Ltd, sebuah perusahaan investasi di Asia. Nalin Rathod memiliki pengalaman lebih dari 20 tahun dalam sektor pertambangan batu bara Indonesia.

http://economy.okezone.com/read/2012/12/12/278/730904/bakrie-disebut-tarik-nalin-rathod-dari-ceo-bumi-plc

Sumber : OKEZONE.COM
Bumi chief Nalin Rathod expected to quit
Nalin Rathod, chief executive of troubled miner Bumi, is expected to stand down as the board meets to discuss its future and an investigation into “irregularities”.

telegraph
By Emma Rowley10:00PM GMT 10 Dec 20121
The chief executive of Bumi, the crisis-hit coal miner brought to London by financier Nat Rothschild, is expected to resign on Wednesday.
Nalin Rathod, an associate of Bumi’s Indonesian backers the Bakries, is set to step down after the miner’s co-chairman Indra Bakrie resigned last Friday.
The move should take place as the board of the FTSE-250 miner meets to discuss the findings of an investigation by law firm Macfarlanes into “potential financial irregularities” at its Indonesian operations, focusing on the subsidiary Bumi Resources.
They will also discuss rival proposals from the Bakries and Mr Rothschild for the company. Relations between the two sides have soured since they launched Bumi on the London market in 2011.
Mr Rathod’s decision is understood to be related to Mr Bakrie’s resignation.
Related Articles
UK Coal makes one final bid for survival 10 Dec 2012
Bumi row takes another twist 07 Dec 2012
Nat Rothschild says he has $270m for Bumi plan 22 Nov 2012
Bumi chairman Samin Tan ‘will get his cash back’ 25 Oct 2012
Sir Julian Horn-Smith on battle to dig Bumi out of a hole 16 Oct 2012
Rothschild ‘wrong’ on Bumi deal, says deputy chair 16 Oct 2012
Mr Rothschild has said that Mr Bakrie had quit to avoid the potential embarrassment from Macfarlanes’ findings. Mr Bakrie had said it was because “the initial objective of the Bakrie Group in pursuing a London listing had not been met”. It is also likely that the board will be considering his family’s proposal for the next few months.
The expected board change emerged as the Bakries alleged that documents used at the basis of the preliminary report by lawyers at Macfarlanes “were, in some cases, stolen and/or the subject of illegal hacking”.
Chris Fong, a spokesman for the Bakries, said: “Some of these documents appear then to have been “doctored” to give a purposely misleading impression of a number of business transactions at Bumi Resources.”
He said the Bakries and their associate Samin Tan had hired a British cyber security firm to investigate the alleged hacking.
The Bakries intend to submit a report to the UK police and to other regulatory authorities, Mr Fong said. There has already been a complaint made to Indonesian police about the alleged hacking.
Mr Rothschild said that this was however “a trivial distraction from the central issue”, confirming that on Friday he wrote to Bumi’s board to tell them he had won the support of 11 investors for his proposal to restructure Bumi.
The aim is “to remove completely the Bakries and their allies from the Bumi PLC shareholder register”, he said.
Mr Rothschild said his supporters included Bumi’s five largest independent institutional shareholders, namely Abu Dhabi Investment Council, Schroders Investment Management, Standard Life Investments, Taube Hodson Stonex and Artemis Investment Management.
He also claimed to have the backing of mining billionaire Robert Friedland and Indonesian businessman Hashim Djojohadikusomo, brother to the controversial presidential candidate Prabowo Subianto. Mr Rothschild enclosed “non-binding letters of support” from the investors and said he would commit £75m.
The financier is furious that, as part of a £750m proposal by the Bakries to buy back Bumi’s Indonesian coal assets, 23.8pc shareholder Mr Tan appears to have struck a side deal that would see him paid back in full for the $1bn (£622m) he invested at £10.91 per share. By contrast, other shareholders who bought in at the £10-a-share float will get just £4.30.
Bumi declined to comment.
Grup Bakrie dan Rothschild saling klaim
Oleh Veri Nurhansyah Tragistina, Agustinus Beo Da Costa – Rabu, 12 Desember 2012 | 06:52 WIB

kontan

JAKARTA. Tensi perseteruan Grup Bakrie versus Nathaniel Rothschild (Nat) kian meninggi. Masing-masing mengklaim, Bumi Plc akan menerima proposal mereka pada pertemuan Board of Directors (BOD) Bumi Plc, Rabu (12/12).
“(Keputusan atas proposal Bakrie) bisa tertunda lebih lanjut, tapi pada akhirnya Bumi Plc akan setuju untuk menjual saham PT Bumi Resources Tbk kepada Bakrie,” kata Christopher Fong, Juru Bicara Grup Bakrie, kepada KONTAN, Senin (11/12).
Grup Bakrie ingin menukar 23,8% saham di Bumi Plc dengan 10,3% saham BUMI milik perusahaan asal London. Bakrie juga mengajukan pembelian kembali (buyback) 18,9% saham BUMI dari Bumi Plc US$ 278,3 juta.
Selain itu, Bakrie ingin membeli 84,7% saham Bumi Plc di PT Berau Coal Energy Tbk (BRAU) senilai US$ 947 juta. Grup Bakrie pun yakin rencana ini berjalan mulus. “Bumi Plc akan mencari tawaran tertinggi untuk Berau. Saat ini, penawaran dari Bakrie merupakan tawaran paling bagus,” klaim Fong.
Kubu Nat Rothschild tak mau kalah memperebutkan pengaruh di Bumi Plc. Nat Rothschild, dalam pernyataan tertulisnya kepada KONTAN, mengaku mengirim surat kepada Bumi Plc mengenai penawaran alternatif atas proposal Grup Bakrie.
Nat mengklaim, sudah punya dana segar US$ 342,5 juta untuk injeksi ekuitas baru di Bumi Plc. Sekitar US$ 75 juta dari kocek Nat. Sementara sisanya, patungan dari 11 investor strategis. Investor itu diantaranya Abu Dhabi Investment Council, Schroders Investment Management Limited, Standard Life Investments, Taube Hodson Stonex LLP, Artemis Investment Management LLP dan Robert Friedland, seorang pengusaha pertambangan dari Amerika Serikat.
Tidak hanya itu, Nat juga mengklaim berhasil merayu pemilik Arsari Group, Hashim Djojohadikusumo. Namun, peran dan nilai investasi Hashim di Bumi Plc belum jelas.
Ida Sudoyo, Direktur Komunikasi Perusahaan Arsari Group menyatakan, belum bisa berkomentar lebih jauh terkait peran Hashim. “Nanti saya konsultasikan dulu dengan Pak Hashim,” kata Ida.
Kongsi tersebut diklaim Nat, bisa mengumpulkan sekitar 28% hak voting dalam pengambilan keputusan Bumi Plc. “Pemahaman saya, ambang batas (hak suara) yang diperlukan Bakrie memuluskan proposal tak akan tercapai,” klaim Nat.
Menurut Fong, pemegang saham minoritas Bumi Plc pasti akan menyadari bahwa setiap usulan baru dari Nat tidak memberikan hasil lebih baik. Tapi justru akan membuat mereka kehilangan investasi yang cukup besar. “Mereka bakal tahu bahwa Nat hanya mengajukan penawaran alternatif untuk menjamin reputasinya tidak akan luruh lebih lanjut,” ujar dia.
Nick von Schirnding, Direktur Hubungan Perusahaan Bumi Plc, enggan memberi komentar soal ini.
Rumor baru yang muncul dari perseteruan ini adalah mundurnya Nalinkant Rathod dari jabatannya sebagai Chief Executive Officeer (CEO) Bumi Plc. Kabar itu diberitakan media Inggris, The Telegraph. Berita itu menyebut Rathod mengajukan surat pengunduran diri, Rabu (12/12) bersamaan dengan pertemuan BoD Bumi Plc.
Tapi, kabar itu dibantah Fong. “Itu hanya rumor,” tandasnya. Sebelumnya, Indra Bakrie sudah menyatakan mundur dari jabatannya sebagai Co-Chairman, serta Ari Saptari Hudaya dari Direktur Non Eksekutif Bumi Plc.
Kisruh Bumi, Bos-bos Bumi Plc Bertemu
Selasa, 11 Desember 2012 | 10:35 WIB

JAKARTA, KOMPAS.com – Sebuah pesan singkat diterima KONTAN, Senin siang (10/12/2012) dari Samin Tan. “Saya sudah dalam perjalanan ke London,” tulis Chairman Bumi Plc tersebut.

Tak banyak komentar dari Samin Tan terkait perjalanannya ke Negeri Ratu Elizabeth itu. Namun, ia bilang, kedatangannya ke Inggris untuk menghadiri rapat Board of Directors (BoD) Bumi Plc, Rabu (12/12/2012).

Rencana pertemuan para bos Bumi Plc itu diamini Amir Sambodo, Independent Non Executive Directors Bumi Plc. “Memang besok akan ada rapat,” tutur orang nomor satu di Tuban Petrochemical Industries itu saat menjawab telepon KONTAN.

Amir mengatakan, rapat BoD akan memutuskan nasib proposal yang diajukan Grup Bakrie dan Nathaniel Rothscild (Nat). Proposal mana yang akan diajukan ke Rapat Umum Pemegang Saham (RUPS) Bumi Plc? “Bisa dua-duanya diajukan. Tergantung rapat,” kata Amir.

Sekadar mengingatkan, Grup Bakrie (PT Bakrie & Brothers Tbk dan Long Haul Holdings Ltd) telah mengirimkan proposal kepada Bumi Plc yang menginginkan pertukaran 23,8 persen saham Bumi Plc dengan 10,3 persen saham PT Bumi Resources Tbk (BUMI). Grup Bakrie secara tidak langsung memiliki saham Bumi Plc lewat kolaborasi dengan Samin Tan di dua entitas bernama Bumi Borneo Resources Pte Ltd dan Borneo Bumi Lumbung Energi Pte Ltd. Lewat dua entitas itu, Samin juga memiliki 23,8 persen Bumi Plc.

Dalam proposalnya, Grup Bakrie juga ingin membeli 18,7 persen saham BUMI dan 84,7 persen saham PT Berau Coal Energy Tbk yang juga masih diapit Bumi Plc. Nilai tawaran Bakrie di luar tukar guling saham tersebut mencapai 1,2 miliar dollar AS.

Tak mau kalah, Nat pun melayangkan proposal tandingan. Dia mengaku telah menggandeng Robert Friedland, termasuk juga Prabowo Subianto dan Hashim Djojohadikusumo.

Sayang, Amir sama sekali tidak mau bercerita tentang peta kekuatan kedua kubu konglomerasi, Bakrie dan Nat, di Bumi Plc pasca mundurnya Indra Bakrie dari jabatan Co Chairman Bumi Plc, Jumat lalu (7/12/2012).

Praktis, dari kubu Bakrie kini hanya tersisa Nalinkant Rathod sebagai Chief Executive Officer (CEO), selain Samin dan Rosan Perkasa Roeslani (Non Executive Directors) yang selama ini diisukan dekat dengan Grup Bakrie.

Rosan sempat mengungkapkan kabar mengejutkan tentang pemeriksaan regulator pasar modal Inggris terhadap dugaan hubungan kesatuan (concerted party) antara dirinya, Samin Tan dan Grup Bakrie. “Jika panel memutuskan ada concerted party, maka saya tidak bisa menggunakan hak suara (voting rights) di Bumi Plc,” ujar Rosan yang punya 10 persen votings rights di Bumi Plc.

Ulah Nat bikin gusar Samin Tan

Entah siapa yang diuntungkan dari keputusan Board of Director Meeting Bumi Plc. Tapi, perseteruan antar pemegang saham di Bumi Plc bisa menjadi gambaran kerasnya konflik di Bumi Plc.

Bahkan, Samin Tan sempat mengancam mengundurkan diri sebagai Chairman Bumi Plc. Dalam surat yang ditujukan kepada Sir Julian Horn Smith, Deputy Chairman Bumi Plc pada 13 Oktober 2012, dia merasa diintimidasi oleh Nat.

Nat, lanjut Samin, juga mengaku bisa mengakses surat elektronik miliknya. “Jika kasus ini terbukti (pembobolan email), Anda (Julian) pasti setuju bahwa ini adalah kejahatan serius di bawah yurisdiksi hukum manapun,” tegas Samin dalam suratnya.

Karena ancaman Nat itu, konsultan keamanan internet, Context Information Security, disewa untuk menyelidiki pada 24-25 November. Fakta yang mereka temukan memperkeruh: akun email milik Samin Tan telah diserang peretas (hacker) dan direncanakan sejak 1 Maret 2012.

Serangan ini, menurut Context, dapat mengakses semua email Samin. “Termasuk akses pengambilan dokumen dari komputer pribadi Samin Tan lewat infeksi perangkat lunak berbahaya (malware),” terang konsultan senior Context, Stuart McKenzie.

Selain ke Samin Tan, Grup Bakrie juga mengaku email dan telepon mereka diserang hacker. Sejumlah temuan aksi pembajakan yang diterima KONTAN, menyebutkan, serangan itu menggunakan sandi Archipelago Project. Tuduhannya, aksi ini dirancang oleh Nat untuk menguasai aset Grup Bakrie yang tengah terimpit utang.

Laporan itu menyebutkan nama Diligence LLC, yang ditengarai berhubungan dengan Nat, merekrut intelejen dan ahli komputer untuk mencari dan membobol data-data Grup Bakrie. Salah satu yang disewa adalah seorang Rusia dengan bayaran 20.000 dollar AS per minggu untuk menangani Proyek Archie. Ada juga nama Anthony Zboralski, seorang hacker Polandia berkebangsaan Prancis, yang kabarnya disewa untuk menyerang akun email para petinggi Grup Bakrie.

Chris Fong, Jurubicara Group Bakrie, menyatakan telah melaporkan masalah ini ke Unit Cyber Crime Direktorat Reserse Kriminal Khusus Polda Metro Jaya. “Kami sudah melaporkan 11 Oktober 2012,” kata Fong.

Ian Middleton, Jurubicara Nat, membantah semua tuduhan itu. “Kami akan menyiapkan langkah khusus setelah berkonsultasi dengan Nat,” kata Middleton. (Yuwono Triatmodjo, Agustinus Beo Da Costa, Veri Nurhansyah Tragistin/Kontan)
Updated December 9, 2012, 6:44 p.m. ET

Minority Bumi Shareholders Rally to Block Bakrie Proposal

By ALEX MACDONALD

LONDON—More than enough U.K.-listed Bumi BUMI.LN -1.23% PLC minority shareholders have agreed to strike down the powerful Indonesian Bakrie family’s proposal to sever ties with the Indonesian coal miner if it were to be put to a vote, in a move aimed at migrating the board to favor an alternative proposal put forward by former board director Nathaniel Rothschild and a group of minority shareholders.

Minority shareholders representing 21% of Bumi’s issued share capital and 28% of its voting rights have “signed individual letters that were submitted to the board stating that they would vote against the Bakrie proposal” even if the proposal were approved in separate transactions, said Mr. Rothschild, a major shareholder and Bumi co-founder. Mr. Rothschild stepped down from the company’s board in October, citing loss of confidence in Bumi Chairman Samin Tan and the board after Mr. Tan said he was ready to accept the Bakrie proposal, a move that Mr. Rothschild said ran counter to minority shareholders’ interests.

Mr. Rothschild and a group of minority shareholders have instead submitted an updated proposal that goes beyond the Bakrie proposal to remove not only the family, but two major shareholders who are board members and have close ties to the family, thereby completely severing the company from any potential board influence by the family.

The expected move to block the Bakrie proposal is the latest twist at a company that listed its shares more than two years ago to much fanfare based on an optimistic outlook for commodities demand. Commodity prices have since fallen due to concerns about the health of the global economy, and Bumi’s share price has tumbled amid a boardroom rift over corporate governance and an independent probe into alleged financial irregularities at the company’s Indonesian assets. Shares in Bumi are off about 80% from last year’s high.

Mr. Rothschild said the proposal put forward by him and other minority shareholders is nonbinding because the terms and conditions of the transaction haven’t been finalized.

A spokesman for Bumi said the company hasn’t received any updated proposal. He added that he wasn’t aware of any letters sent to Bumi’s board members by Mr. Rothschild and minority shareholders.

A member of Mr. Rothschild’s team said the letters were sent on Friday morning to the senior independent director, Sir Julian Horn-Smith, as well as other nonexecutive directors.

Mr. Rothschild said the number of minority shareholders who have agreed to vote down any Bakrie proposal would be more than enough to derail that offer. The competing proposal from Mr. Rothschild also highlights the difficulty that Bumi’s board will face in determining the best way for the Bakrie family to exit the company, given the tensions between the different Bumi shareholder encampments.

Bumi shareholders agree that the Bakrie family should leave. But while one camp is content to see just the Bakrie family leave, a camp led by Mr. Rothschild is proposing the departure of Bumi Chairman Mr. Tan and board director Rosan Perkasa Roeslani as well. Both are large Bumi shareholders who have close ties to the Bakrie family. This camp also wants Bumi to remain a London-listed company with an 85% stake in Indonesian miner PT Berau Coal Energy BRAU.JK -4.76% TBk, instead of selling all its coal assets to the Bakrie family, a deal that Mr. Tan has said he is ready to accept.

Mr. Tan declined to comment Sunday. Mr. Roeslani couldn’t be reached for comment Sunday night.

Bumi has hired investment bank Rothschild Group, which isn’t affiliated with Mr. Rothschild, to provide a fairness opinion on the proposal put forward by the Bakrie family and the offer by Mr. Rothschild and about half the minority shareholders. Bumi’s board said it would review any proposal on its own merits and after the probe had been sufficiently advanced.

Bumi’s board is due to meet on Wednesday to discuss the proposals as well as the interim results of an independent probe by U.K.-based law firm Macfarlanes LLP into alleged financial irregularities at Indonesian coal-mining asset PT Bumi Resources TBk, in which Bumi owns a 29.2% stake. A formal board recommendation on any proposal is unlikely but not impossible, a person familiar with the matter said.

Indonesian police are also investigating alleged illegal hacking of Bakrie Group BNBR.JK 0.00% emails and phones. Investigators hired by the Indonesian conglomerate, which is controlled by the Bakrie family, have uncovered evidence that the emails and phone calls from within the group’s companies had been opened and modified, said people familiar with the independent Bakrie probe.

Bumi’s board is evaluating two offers. The Bakrie family, which controls the Bakrie Group conglomerate, two months ago proposed the buyback of all of Bumi’s Indonesian coal assets for more than $1.2 billion in cash as well as the cancellation of its group’s 23.8% stake in Bumi PLC, restoring Bumi to its original state in 2010 as a London-listed investment vehicle with no coal assets and just cash in hand.

The Bakrie proposal is structured in three separate transactions, the first of which is considered most important and involves the Bakrie family giving up its 23.8% Bumi PLC stake for a 10.3% stake in Bumi Resources. The second transaction would result in the Bakrie family buying Bumi’s remaining 18.9% stake in Bumi Resources for $278 million in cash. The third transaction would involve the purchase of Bumi’s 85% stake in Berau for $950 million sometime next year.

Mr. Rothschild said more than enough minority shareholders have agreed to vote down the first transaction given that only 25% of eligible voters representing about 11% of the issued share capital and 14% of the voting share capital would need to vote against the first transaction in order to strike it down.

Any shareholders considered to be a concerted party with the Bakrie family wouldn’t be allowed to vote. As a result Bumi Chairman Mr. Tan, who owns a 23.8% stake through his coking coal company, and Mr. Roeslani, who owns a 9.8% stake through his investment vehicle, might not be allowed to vote depending on an expected ruling from the U.K. takeover panel.

Bakrie Group Senior Vice President Chris Fong said, “While we are unsure what view the U.K. takeover panel has, we expect that the final outcome will see us fully in control of Bumi Resources.” The takeover panel, a U.K. government body, is responsible for ensuring fair treatment for shareholders in takeover bids.

Mr. Rothschild said shareholders that have pledged to vote against the deal include Abu Dhabi Investment Authority, Standard Life Investments Ltd., Schroder Investment Management, Taube Hodson Stonex Partners LLP and Artemis Investment Management LLP. Fund managers at Standard Life and Schroder declined to comment, while fund managers at Artemis, THS and ADIA weren’t available to comment over the weekend.

Mr. Rothschild said the group backing the counterproposal includes Hashim Djojohadikusumo, the brother of Indonesian presidential front-runner and general-turned-businessman Prabowo Subianto, and mining entrepreneur and Bumi shareholder Robert Freidland. The counteroffer proposes that Bumi accept the Bakries’ proposal to buy back Bumi’s 29.2% stake in Bumi Resources in exchange for $278 million in cash, plus the Bakrie family’s exit from its Bumi PLC stake, only on condition that Mr. Tan and Mr. Roeslani agree to exit the company’s shareholding and board. Mr. Rothschild and the investors would then inject cash into Bumi PLC to buy out Mr. Tan and Mr. Roeslani at current share prices.

The Rothschild proposal would involve a $270 million Bumi rights issue in which the minority shareholders have agreed to participate, and which Mr. Rothschild said is already oversubscribed by more than $300 million. The $278 million and $270 million would then be used by Bumi to buy out Mr. Tan and Mr. Roeslani.

Mr. Rothschild said the minority shareholders would be acting together only in proposing a solution to the current impasse and wouldn’t be considered a concert party in any buyout of Mr. Tan and Mr. Roeslani.

Mr. Rothschild and the minority shareholders are being advised by Morgan Stanley MS +0.24% .

Mr. Rothschild said he is confident that the independent investigation’s conclusions will support his belief that Mr. Tan should quit the company’s board, and that as a result Mr. Tan will consider the minority-shareholder proposal as a viable way to exit his shareholding.

“We are urging now the Bumi board to recommend our proposal as the preferred proposal,” he said.
—Eric Bellman in Jakarta, Indonesia, contributed to this article.
Pemegang Saham Minoritas Siap Depak Grup Bakrie dari Bumi Plc
Angga Aliya – detikfinance
Selasa, 11/12/2012 07:54 WIB
Jakarta – Pemegang Saham Minoritas Bumi Plc menolak tawaran Grup Bakrie untuk lepas dari perusahaan kongsinya dengan Nathaniel Rothschild, Bumi Plc. Para pemegang saham minoritas ini mewakili 21% saham perusahaan yang tercatat di Bursa London tersebut.

Para pemegang saham minoritas ini menolak dengan tegas tawaran Grup Bakrie untuk membeli kembali saham anak usahanya di Indonesia, PT Bumi Resources Tbk (BUMI), senilai US$ 1,4 miliar (Rp 12,6 triliun) dari Bumi Plc.

Tawaran tersebut dilawan oleh Rothschild dengan proposal baru, dengan menyatakan konsorsium yang ia pimpin akan menyuntikkan dana hingga sebesar US$ 270 juta (Rp 2,5 triliun) kepada Bumi Plc jika dewan komisarisnya berani memutus hubungan dengan Grup Bakrie.

Seperti dikutip dari Wall Street Journal, Senin (10/12/2012), jika nantinya dilakukan voting, antara tawaran Grup Bakrie atau Rothschild, para pemegang saham minoritas ini akan memilih tawaran Rothschild. Dengan demikian,

Dengan menguasai 21% saham Bumi Plc maka seluruh pemegang saham minoritas punya 28% hak suara dalam voting. Wall Street Journal melaporan mereka sudah menandatangani surat yang ditujukan kepada dewan direksi Bumi Plc mengenai dukungan terhadap tawaran Rothschild itu.

Investor asal Inggris yang sama-sama membentuk Bumi Plc bersama Grup Bakrie itu menawarkan pembelian kembali 29% saham BUMI milik Bumi Plc senilai US$ 278 juta secara tunai dengan catatan Grup Bakrie hengkang dari perusahan yang tercatat di bursa London tersebut.

Rothschild, melalui NR Investment, memimpin konsorsium untuk menambah modal di Bumi Plc dalam rangka membeli saham-saham milik Samin Tan dan Rosan Perkasa Roeslani dari Bumi Plc. Sehingga Bumi Plc bebas dari tangan Indonesia dan sepenuhnya berada di tangan Rothschild.

Roeslani dan Tan punya saham di Bumi Plc lewat perusahaan investasi Recapital Advisors dan PT Borneo Lumbung Energi & Metal (BORN). Recapital menguasai 13% saham Bumi Plc, sementara Borneo 23,8%.

Jika voting ini sampai terlaksana, berarti niatan Nat Rothschild untuk menguasai salah satu tambang batubara terbesar di Indonesia bisa terlaksana. Ini bukan kali pertama Rothschild menguasai tambang di negara orang lain.

Menurut sumber detikFinance, sebelumnya Rothschild juga pernah menjadi financial advisor untuk salah satu orang terkaya di Rusia sekaligus bos dari perusahaan alumunium terbesar di dunia United Company Rusal, Oleg Derpaska.

Nat lalu memanfaatkan anggota Kabinet Inggris Peter Mandelson yang menjadi ketua Komisi Perdagangan Eropa untuk memberikan fasilitas tax cut yang menguntungkan Rusal senilai 50 juta poundsterling setiap tahun.

“Setelah berhasil, Nat juga yang membuka borok-borok dari Peter Mandelson melalui media-media yang dimilikinya di Inggris,” kata sumber tersebut.

Kali ini, kata sumber tersebut, Indonesia yang kaya komoditas ini menjadi target incaran Nat berikutnya. Sumber tersebut mengatakan, Nat menilai grup Bakrie sangat pas dengan profil perusahaan yang diperlukan Nat untuk masuk ke Indonesia.

Grup Bakrie yang memiliki beberapa aset tambang yang cukup besar di Indonesia itu sedang mengalami krisis keuangan. Namun, Grup Bakrie dinilai masih ingin mempertahankan asetnya sehingga berani mengambil utang di sana-sini.

Apalagi, salah satu tokoh dari Grup Bakrie, yaitu Aburizal Bakrie, akan maju untuk pemilihan presiden di tahun 2014 sehingga ada sedikit pengaruh politik dalam kegiatan usahanya dan ini sangat cocok dengan kriteria perusahaan yang bisa ditunggangi Nat.

“Nat sudah berpengalaman berurusan dengan orang-orang berkuasa dan perusahaan-perusahaan dari negara berkembang seperti Rusia dan Libya,” tambahnya.

(ang/ang)

Rothschild: Bumi Plc Baru ‘Normal’ Jika Samin Tan dan Bakrie Hengkang
Angga Aliya – detikfinance
Senin, 10/12/2012 11:13 WIB
Jakarta – Nathaniel Rothschild menilai ketegangan yang terjadi di Bumi Plc baru akan selesai jika Samin Tan and Rosan Roeslani mengundurkan diri. Mundurnya Indra Bakrie dari posisi direktur dan wakil komisaris dinilai tidak membawa pengaruh sama sekali.

“Bakrie sudah tidak pernah lagi ikut rapat direksi hampir satu tahun ini dan menjalankan kepentingannya lewat Samin Tan,” kata Rothschild dalam email yang diterima Bloomberg, Senin (10/12/2012).

“Kita harus melihat keluarnya Samin Tan dan Rosan Roeslani jika ingin melihat perusahaan ini kembali normal,” tambahnya.

Sebelumnya, Indra Bakrie sudah mengundurkan diri dari jabatannya menyusul tawaran ‘cerai’ yang ditawarkan grup Bakrie dua bulan lalu yang sampai saat ini belum juga dapat jawaban.

Dalam surat pengunduran dirinya ke dewan direksi Bumi Plc, Indra Bakrie menyatakan tujuan awal Grup Bakrie terhadap perusahaan yang terdaftar di bursa London itu belum tercapai, sehingga Grup Bakrie menawarkan proposal untuk keluar dari Bumi.

Grup Bakrie sudah menawarkan pembelian kembali saham anak usahanya di Indonesia, PT Bumi Resources Tbk (BUMI) senilai US$ 1,4 miliar (Rp 12,6 triliun) dari Bumi Plc.

Tawaran yang diberikan Bakrie itu jika disetujui maka akan dilakukan dalam tiga tahap. Pertama menukar guling saham Bumi Plc dengan 29% saham BUMI yang dimilikinya. Kedua, membeli sisa saham BUMI secara tunai, dan terakhir membeli 85% saham Berau milik Bumi Plc.

Proposal yang dilayangkan bulan lalu itu menyusul tuduhan adanya penyimpangan dana di BUMI dan permintaan Rothschild untuk melakukan audit investigasi di perusahaan tambang tersebut.

Rothschild merespons tawaran itu dengan menyatakan mundur dari jabatan direksi di Bumi Plc, yang dibentuk dua tahun lalu bersama Grup Bakrie. Pengunduran diri ini dilakukan setelah beredar kabar hubungan Rothschild-Bakrie tidak lagi mesra seperti dulu.

Menurut sumber detikFinance, meski sudah mundur dari posisi direksi Bumi Plc, Rothschild masih menjadi pemegang saham dan berniat mengambil alih perusahaan tambang tersebut.

Menurutnya, tujuan akhir Rothschild ada dua, yang pertama adalah memojokkan Grup Bakrie sampai bangkrut sehingga bisa menguasai seluruh asetnya yang ada di Indonesia.

Sementara yang kedua, atau alternatifnya, adalah mengadu domba pemerintah RI atau pihak lain dengan Grup Bakrie. Rothschild akan membantu pihak yang bertentangan dengan Grup Bakrie tersebut sehingga akhirnya tetap mempertahankan asetnya di Indonesia.

Salah satu pihak yang kabarnya digaet Rothschild adalah salah satu kelompok usaha kandidat presiden RI 2014 Prabowo Subianto. Kabarnya, kedua kelompok usaha sudah melakukan pertemuan untuk bekerja sama menjatuhkan Grup Bakrie.

“Nat (Rothschild) tahu betul Grup Bakrie memang sangat kesulitan keuangan saat ini sehingga sangat mudah untuk dibuat bangkrut,” ujar sumber tersebut.

(ang/dnl)

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