Financier Nathaniel Rothschild and a member of Indonesia’s Bakrie family were involved in an angry exchange on Twitter after they completed a long-delayed $501 million deal to unwind a three-year coal investment.
Indonesia’s Bakrie family completed a $501 million deal to sever ties with London-listed Asia Resource Minerals Plc almost two years after the venture with financier Nathaniel Rothschild began to sour.
Indonesia’s Bakrie family expects to complete a delayed $501 million deal to exit its investment in Asia Resource Minerals Plc this week, ending a three-year attempt to expand coal-mining interests with a London listing.
Malaysian Airline System Bhd. Chief Executive Officer Ahmad Jauhari Yahya was hired less than three years ago to steer the carrier into profitability. His mission has gotten harder as the national carrier hunts for a lost plane carrying 239 people.
Indonesia’s Bakrie family said it has all the funds needed to meet the original terms of a deal to exit the coal-mining venture it founded with Nathaniel Rothschild, a week after announcing it was $65 million short.
Bumi Plc Chairman Samin Tan agreed to buy out Indonesia’s Bakrie family from the London-traded coal producer, setting him on course for a battle with financier Nathaniel Rothschild, who has vowed to oppose the plan.