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Haji Isam Swoops on Bayan to Create an Indonesian Coal Giant
Source: Bloomberg
M&A & RestructuringCommodities & Raw MaterialsEnergy Markets & PricesEmerging Markets
Indonesian tycoon Andi Syamsuddin Arsyad agreed to acquire a major stake in PT Bayan Resources, a significant thermal-coal miner. The transaction positions Arsyad to become a major global figure in the thermal coal industry and could materially affect ownership and strategic direction at Bayan Resources.
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