UPDATE 1-Miner Bumi satisfied chairman has cash for split deal

Newswire

LONDON, Nov 29 (Reuters) - Coal miner Bumi is satisfied that chairman Samin Tan would be able to finance the purchase of company shares owned by the co-founding family, the company said on Friday, paving the way for a long-awaited split with the influential Bakries. The Indonesia-focused group was last week forced to delay a December shareholder vote on the planned separation - key to its turnaround plans - after outgoing chairman Tan failed to meet a Nov. 20 ...

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