Cybersecurity
Rothschild Plots Ouster of Bumi Board That ‘Failed’ Holders
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Nathaniel Rothschild, scion of a centuries-old banking dynasty, said he may seek to remove the board of the coal venture he founded with Indonesia’s Bakrie family in the coming weeks because it has failed shareholders.
London-listed Bumi Plc lacks a viable plan to sever ties with the Bakries and their “acolytes who will remain behind in even greater voting control of Bumi Plc,” the financier said in an e-mailed statement. Bumi said yesterday it’s working to cut its association with the family and sell a 29 percent interest in Jakarta-based PT Bumi Resources “as soon as practical.”