Commodity trader Glencore
The deal is part of Bakrie group's attempts to refinance the loan it obtained in March this year to consolidate its debts. Credit Suisse
Glencore is no longer in talks with Bakrie group, two sources told Reuters. The sources declined to be identified because the information is not public.
Bakrie group is also talking to Renaissance Capital, led by Indonesian investor Samin-Tan, the sources said.
Bakrie group declined to comment, while Glencore was not immediately available to comment. Renaissance Capital could not be reached.
(Reporting by Reporting by Saeed Azhar in Singapore, Neil Chatterjee, Janeman Latul and Fathiya Dahrul in Jakarta; Editing by Vinu Pilakkott)