Bumi Resources Tbk PT &
Bakrie & Brothers Tbk PT | Update Date: 07/24/08 |
| Date Announced: 01/18/08 |
Value (million $USD): 3.91 billion U.S. Dollar
36,890.88 billion Indonesian Rupiah |
|
| Status: Completed | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 01/18/08 | | |
| Date Originally Announced | 01/18/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Neutral | Agency | n/a |
| Value | 3.91 billion U.S. Dollar
36,890.88 billion Indonesian Rupiah | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| INDONESIA - Bakrie & Brothers Tbk PT (BB) acquired a 35% stake, or 6.791 bil ordinary shares, in Bumi Resources Tbk PT, a coal mining company, from the Bakrie family, for 5,432 Indonesian rupiah ($0.576 US) per share, or a total value of 36.891 tril rupiah ($3.91 bil), in a privately negotiated transaction. Concurrently, BB acquired a 40% stake in each of Energi Mega Persada Tbk PT and Bakrie Land Development PT. The transactions were approved by the shareholders. |
| TARGET |
|---|
| Name | Bumi Resources Tbk PT (Jakarta : BUMI) |
| Industries | Coal mining services; Oil and gas field exploration services; Coal and other minerals and ores |
| City | Jakarta |
| State | n/a |
| Nation | Indonesia |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Bumi Resources Tbk PT is a coal mining company headquartered in Indonesia. The company's principal activities are mining, manufacturing, producing and marketing coal deposit. The company produces bituminous coal, sub-bituminous coal and Ecocoal. Its coal processing activities consist of coal crushing and coal washing. The company was founded on June 1973, and is also involved in oil exploration. |
| Advisors | NULL |
| Target Sales | 2.20 billion U.S. Dollar
20,784.11 billion Indonesian Rupiah |
|
| ACQUIROR |
|---|
| Name | Bakrie & Brothers Tbk PT (Jakarta : BNBR) |
| Industries | Telephone communications, except radiotelephone; Communications services, nec; Steel works, blast furnaces, and rolling mills; Crushed and broken limestone; Cement, hydraulic; Forest nurseries and gathering of forest products |
| City | Jakarta Selata |
| State | n/a |
| Nation | Indonesia |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Bakrie & Brothers Tbk PT provides telecommunications and infrastructure systems services. The company is headquartered in Jakarta, Indonesia. It operates in three segments: Infrastructure, Plantations, and Telecommunication. The Infrastructure segment produces steel pipes, corrugated metal products, cast iron products, and fiber cement building products. The Plantations segment engages in the agriculture, and processing and trading of agricultural and industrial products. The Telecommunication segment provides telecommunication equipment, and radiowave base telecommunication system, as well as fixed wireless services. |
| Advisors | Credit Suisse Group; Danatama Makmur |
| Acquiror Sales | 560.6 million U.S. Dollar
5,288.77 billion Indonesian Rupiah |
|
 |
|
