LONDON Jan 14 Indonesia's influential Bakrie
family said on Monday they could withdraw their plans to exit
Bumi Plc, the London coal miner co-founded with Nat
Rothschild, if the financier pursues plans to return to the
The Bakries - who indicated in October they planned to
unwind the venture as relations between shareholders became
increasingly acrimonious - also said they would use "all legal
means" to enforce an agreement that allows them to appoint key
Bumi positions, including the chairman and chief executive.
Rothschild last week called for a shareholder meeting to
vote on a proposal which could oust 12 of 14 board members,
bringing in a new board including himself.
"(The Bakrie family) will seriously consider the withdrawal
of its offer in the event that Mr. Rothschild follows through
his proposal to change the board or indeed if the company fails
to honour all obligations under the relationship agreement," the
Bakries said in a statement.
"Alternatively, we would be content to remain at Bumi Plc if
the shareholders do not vote for a separation."