> > JAKARTA, Aug 20 (Reuters) - Indonesia's fifth-largest > bank, PT Bank Danamon > Tbk BDMN.JK, has a 7.99 percent stake in the Southeast > Asian country's > largest coal miner, PT Bumi Resources BUMI.JK, a share > registry statement > showed on Wednesday. > > The statement posted at the stock exchange also said that > PT Bakrie & > Brothers Tbk BNBR.JK, the holding company of the Bakrie > family, had reduced > its holdings of Bumi to 7.44 percent from 15.55 percent > previously. > > The statement did not elaborate. > > Bakrie & Brothers is controlled by the family of chief > social welfare > minister Aburizal Bakrie. > > Bumi is the second-largest capitalised company on the > Indonesia Stock > Exchange with a market value of $10.5 billion. > > Shares in Bumi have fallen by 43 percent since peaking in > June, hit by a > tumble in coal prices. (Reporting by Harry Suhartono, > Editing by Ed Davies)
