Indonesia’s Coal Crown Jewel Bayan Draws $28 Billion Takeover Bid from Haji Isam Consortium

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‼️ Billionaire Low Tuck Kwong is in talks to sell a controlling stake in Indonesia’s $28 billion coal miner PT Bayan Resources to a consortium led by rival tycoon Andi Syamsuddin Arsyad, or Haji Isam, in a deal that could rank among the country’s largest coal transactions. Low owns 40% of Bayan, while his daughter holds another 22%.
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