Founder of Indonesian Gold Miner J Resources Is Said to Consider Sale
- Jimmy Budiarto is working with advisers on a potential deal
- Indonesian company has a market value of about $390 million
This article is for subscribers only.
Jimmy Budiarto, the founder of Indonesian gold miner PT J Resources Asia Pasifik, is considering selling his 92.5% stake in the Jakarta-listed company, according to people with knowledge of the matter.
Budiarto is working with financial advisers and has reached out to potential investors, the people said, asking not to be identified as the process is private. Considerations are ongoing and he may decide not to sell, the people said.