Slaughter, KhattarWong, Tumbuan advising Borneo on $1 billion acquisition of Bumi stake
BY Ranajit Dam |
Slaughter and May and regional firms KhattarWong and Tumbuan & Partners are advising on Borneo Lumbung Energi & Metal’s proposed $1 billion acquisition of a 23.8% stake in LSE-listed coal miner Bumi from Long Haul Holdings and debt-laden family-run Indonesian conglomerate Bakrie, which is currently attempting to avoid a loan default.