“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, December 25, 2008

Bakrie seals deal with Northstar on joint venture

The Jakarta Post | Thu, 12/25/2008 7:28 PM  

PT Bakrie and Brothers announced Thursday it had reached agreement on all terms for a strategic partnership with Northstar Pacific, setting up a 70:30 joint venture company. 

Under the deal, the joint venture, whose name has not been disclosed, would own 21.4 percent of shares in the world's largest producer of coal to fuel power plants, PT Bumi Resources. 

"The most important benefit for Bakrie is we have not only executed this agreement with Northstar but solved the outstanding debt problem as well. This was following the global economic downturn at the end of September 2008, which unfairly affected the share price in our group of companies," said president director Nalinkant A. Rathod in a statement. 

The deal with Northstar will also affect Bakrie's shareholdings in its four subsidiaries. According to Rathod's statement Bakrie's ownership would be as follows: 42.6 percent share in PT Bakrie Sumatra Plantations, 48.3 percent in PT Bakrie Telecom Tbk, 14.8 percent in PT Bakrieland Development and 43.2 percent PT Energi Mega Persada. All companies are publicly listed. 

"The agreement has been reached against the backdrop of a closer and long-term strategic relationship between Bakrie and Northstar," Nalinkant added. 

Both parties are committed to finalizing the transaction as soon as possible, he said. (and)

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