Bumi Resources addresses Kideco rumors: what it means for Bumi Res stock
Published on 10/17/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKideco disclosure response
- Management addressed Kideco acquisition reports on October 13, 2026.
- Bumi Resources said material developments would be disclosed under applicable rules on October 13, 2026.
- Management cited diversification beyond thermal coal on October 13, 2026.
Bumi Resources addressed reports linking it to a potential Kideco acquisition on October 13, 2026. In a statement reported by Investor.id, management said it could not comment on market rumors, speculation or hypothetical transactions.
Management said material developments would be disclosed in line with applicable disclosure rules. The company also reiterated a strategic direction focused on diversification beyond thermal coal, while the reported asset, PT Kideco Jaya Agung, is a thermal-coal business, according to Investor.id.
Market context: Latest market reports.
Company disclosure
The company’s response followed reports that Bumi Resources could be a candidate to acquire Kideco. The reports cited by Investor.id described a potential transaction valued at more than US$1 billion, but the company did not confirm such a transaction.
On October 13, 2026, management said any material corporate development would be disclosed in accordance with applicable regulations. It also pointed to diversification outside thermal coal as a strategic direction.
