Freshfields Bruckhaus Deringer has been instructed by UK financier Nathaniel Rothschild’s mining investment firm Vallar on its acquisition of stakes in two of Indonesia’s top coal mining businesses, reports The Am Law Daily.

Vallar is set to pay $3bn (£1.9bn) for a 25% stake in Bumi Resources and a 75% stake in Berau Coal Energy, Indonesia’s first and fifth-largest coal producers respectively.