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Nathaniel Rothschild sells Asia Resource Minerals stake

Financier has secured an improved offer from Asian group Coal Energy Ventures

Mr Rothschild said last month that he was no longer considering a rival bid for Arms together with Russian partner SUEK


FINANCIER Nathaniel Rothschild will abandon his troubled investment in Indonesia's coal industry, he said on Monday, agreeing to sell his stake in Asia Resource Minerals (Arms) after securing an improved offer from an Asian bidder.

Mr Rothschild, the scion of the banking