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Hiswara Bunjamin & Tandjung, Herbert Smith Freehills’ Indonesian associate firm, has advised Indonesian power company PT Dian Swastatika Sentosa (DSS) on the $394 million sale of a 75 percent stake in three thermal power plants to China Datan, a Chinese state-owned energy conglomerate.

According to The Edge Markets, in addition to the three independent thermal power plants, Jakarta-headquartered DSS also directly operates four captive power plants with a total capacity of about 300 megawatts and is involved in coal mining and trading as well as fertilizer and chemical trading.

The HBT team was led by senior international counsel Matthew Goerke.

 

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