Miner may dig out Rothschild
Saturday 04 February 2012
Financier Nat Rothschild faces the prospect of ejection from Bumi, the Indonesian coalminer in which he is a major shareholder and the co-chairman.
Less than a month after buying a 23.8 per cent stake in FTSE-listed Bumi, PT Borneo Lumbung Energi & Metal is seeking to install its own people.
It has called a meeting seeking the removal of a slew of board directors including Mr Rothschild, who owns 11.7 per cent of Bumi's shares, and chief executive, Ari Hudaya.
Borneo, a vehicle controlled by Indonesian business mogul Samin Tan, wants to replace Mr Rothschild with Mr Tan and to install Indra Bakrie as co-chairman.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...