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The sources estimate the stake at USD1bn (EUR744.3m).
Indonesian investor Armdian Tritunggal is the vendor of the Berau stake in a tender managed by Deutsche Bank (FRA:DBK), Merril Lynch (NYSE:SKD) and PacBridge Capital Partners, according to sources.
Sources reveal that there are also other interested bidders for the Berau stake.
Neither Peabody nor Xstrata made any comment on the news.
Sector: Mining
Type: Stake building
Target: PT Berau Coal
Buyer: Peabody Energy Corporation, Xstrata PLC
Status: Reported plans
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