Shares of Bumi Resources Surge after Bakrie's Heads of Terms Agreement
On Thursday's trading day, stocks of Bumi Resources gained 26.39 percent in value after the heads of terms agreement between Bumi Plc and the Bakrie Group was published in worldwide media on Wednesday. This agreement outlines the separation of the Bakrie Group (including Bumi Resources) from London-listed Bumi Plc after the Group had a fall out with Bumi Plc co-founder, Nathaniel Rothschild.