We are delighted to announce the recent success of Tumbuan & Partners (T&P) in representing PT Hutama Karya Infrastruktur (HKI) for the closing of the Conditional Shares Sale and Purchase Agreement (CSPA) with PT Hakaaston (HKA), for the acquisition of PT Bhirawa Steel.
Led by our Senior Partner, Jennifer B. Tumbuan, together with our Senior Associate lawyers Risman Yansen Mario and Mada Herpadma Kusumasidarta. We advise on the entire aspects of the transaction, including the structuring of the transaction, negotiation, legal due diligence of PT Bhirawa Steel, and prepare the transaction documents comprised of (i) Term Sheets; and (ii) CSPA.
HKI and HKA are the subsidiaries of PT Hutama Karya (Persero) which is widely renowned as one of the leading state-owned infrastructure company in Indonesia.
This transaction is expected to improve the business performance of HKI, which fully support and signify the Trans Sumatera Toll Road’s development that is considered to give significant advantage to PT Hutama Karya (Persero) as a part of its strategic plan.
Congratulations for all the parties involved! We are proud to be part of yet another significant history in the development of infrastructure projects in Indonesia and we look forward to making greater contributions in the future.
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