Skip to main content

Hadiputranto Hadinoto & Partners (HHP) has advised Japan's largest financial group, Mitsubishi UFJ Financial Group (MUFG) on its strategic acquisition of 73.8 percent of Bank Danamon Indonesia.

The transaction is expected to bolster MUFG’s growth in Asia and Oceania, aiding the growth of banking sector in Indonesia, Reuters said, adding the estimated value of the deal was more than $6 billion

Japanese and other Asian banks are increasingly targeting a presence in Indonesia in hopes of tapping an emerging middle class in an economy with population of over 250 million, reported Reuters. Danamon is the latest by a string of deals by highly-acquisitive MUFG, which already holds stakes in Vietnam’s VietinBank, Thailand’s Bank of Ayudhya and Security Bank of the Philippines.

Senior partner Erwandi Hendarta, HHP’s head of finance and projects, led the transaction, with support from Jakarta-based partners Mahardikha Sardjana and Indah Respati.

Related Articles

Deals

WongP acts on $1.8 bln KSA-Singapore agribusiness deal

by Asian Legal Business《亚洲法律杂志》 |

Big Four Singapore law firm WongPartnership has advised food and agribusiness company Olam Group on the sale of a controlling 44.58 percent stake to Saudi Arabia’s SALIC for $1.78 billion.

Deals

Paul Hastings, Weil acting on $23 bln Panama canal deal: Bloomberg

by Asian Legal Business《亚洲法律杂志》 |

Weil Gotshal & Manges is advising a BlackRock-led investor group on its $22.8 billion agreement to buy a majority stake in Hong Kong's CK Hutchison, which runs ports along either side of the Panama Canal, Bloomberg has reported.

Deals

CAM, Anagram, K Law, Quillon, STB act on KKR’s $400 mln HCG acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas and Simpson Thacher & Barlett have advised private equity firm KKR on its $400 million acquisition of a majority stake in Indian hospital chain Healthcare Global (HCG) from PE firm CVC, who was represented by its longstanding legal advisor Anagram Partners.