Skip to main content

SSEK Legal Consultants has advised Indonesian state-owned oil and gas company Pertamina on the sale of its controlling stake in one subsidiary, Pertagas, to another, Perusahaan Gas Negara (PGN), for $1.2 billion. PGN was counselled by Umbra.

This transaction will result in PGN becoming a sub-holding company under Pertamina and will result in Pertamina fully becoming an oil and gas holding company.

Under the agreement, PGN also acquired Pertagas’ subsidiary, Pertagas Niaga (PTGN), which operates in gas distribution like PGN, according to the Jakarta Post.

The SSEK team was led by founding partner Ira A. Eddymurthy and partner Dewi Savitri Reni.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

R&T guides VietJet on historic $8 bln aviation deal

by Nimitt Dixit |

Singapore’s Rajah & Tann has advised Vietnam's VietJet Air on reaffirmation of its $8 billion deal with CFM International to acquire over 400 CFM advanced Leap 1B Aircraft Engines.

Davis Polk, Gibson Dunn advise on $2.3 bln Nippon Paint-AOC deal

Davis Polk & Wardwell has advised Japanese paint manufacturer Nippon Paint on its $2.3 billion acquisition of U.S. chemicals formulator AOC from Lone Star Funds, which was represented by Gibson, Dunn & Crutcher.

Stephenson Harwood, Links advise on $349 mln SG-UK taxi deal

Stephenson Harwood has advised Singaporean transport operator ComfortDelGro on its 269-million-pound ($349 million) acquisition of the British private hire cab and courier company Addison Lee, whose shareholders were represented by Linklaters.