JAKARTA: Indonesia's Bakrie family has agreed in principle to pay compensation to coal tycoon Samin Tan for his soured US$1bil investment in their joint stake in Bumi Plc, meaning a “divorce” in the partnership, executives at Tan's firm said.
The move is the latest blow for troubled Bumi Plc, which aimed to be the world's biggest thermal coal exporter but may be left as a shell holding company with no operating assets if both Indonesian partners pull out.
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