Rothschild comes a cropper at Bumi EGM

Nat Rothschild’s bid to replace the board of Indonesian coal miner Bumi has been rejected at an EGM held in London. Shareholders voted down 19 of the 22 resolutions put forward by the financier, including one that would have resulted in him returning to the board. Critically, he failed to win the support of a major shareholder, the Abu Dhabi Investment Council, which voted against his return to the top table.

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