JAKARTA: The powerful Indonesian Bakrie family said it would start the process of divorcing from London-listed miner Bumi Plc after winning a crucial shareholder vote over bitter rival Nathaniel Rothschild.
Shareholders shot down a proposal by Rothschild to regain control of the firm in an extraordinary meeting on Thursday in London, allowing the Bakries to follow through with their plan to exit the firm and keep their lucrative coal assets.
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