Bumi Co-founder Nathaniel Rothschild

Bumi Co-founder Nathaniel Rothschild

Simon Dawson/Bloomberg

Nathaniel "Nat" Rothschild, co-founder of Bumi Plc, yesterday proposed that the Bakries’ Bumi stake be offered to existing shareholders, rather than sold to Bumi Chairman Samin Tan who could then underwrite the offer and be free to buy any stock not taken up.