SSEK acted as sole counsel to Thai Containers Group Co., Ltd. in its US$6.1 million acquisition of PT Indoris Printingdo, an Indonesian box and packaging manufacturer. Thai Containers Group is a subsidiary of SCG Paper. It is the largest corrugated containers manufacturer in Southeast Asia.
SSEK Legal Consultants has again been recognized as one of Indonesia’s leading mergers and acquisitions firms by Asian Legal Business (ALB). The ALB rankings of top M&A firms were based on the volume, complexity and size of work, a firm’s visibility and profile in the marketplace, presence across Asia and in individual jurisdictions, and key … SSEK Named a Top Indonesian M&A Firm
SSEK has advised GlaxoSmithKline (GSK) on a three-part deal that sees the pharmaceutical company take full control of its Indonesian Consumer Healthcare business, while divesting a non-core brand and a manufacturing facility in the country. GSK Consumer Healthcare paid 465 billion Rupiah ($40.7 million) to Sarasvati Venture Capital for the 30% of the Indonesian Consumer … SSEK Advises GSK on Indonesian Transaction
SSEK has been recognized for its work on the BlueScope Steel and Nippon Steel joint venture, which was named a 2013 Deal of the Year by Asian-MENA Counsel. This US$1.36 billion deal involved a tie-up between Australia’s BlueScope Steel and Japan’s Nippon Steel. Nippon Steel acquired a 50 percent stake in BlueScope Steel as part … SSEK Wins Asian-MENA Counsel Deal of the Year
SSEK partner Rusmaini Lenggogeni is speaking on Wednesday, April 23, at a complimentary event for Chinese companies investing or considering an investment in Indonesia. The event, “M&A Periscope,” is being organized with Deloitte Indonesia. Speakers will examine the legal and tax implications of M&A transactions in Indonesia, in addition to exploring post-merger integration issues. Rusmaini will look at … SSEK to Speak at M&A Event
SSEK acted as Indonesian counsel to Woori Bank of South Korea in its purchase of a 33 percent stake in Indonesia’s Bank Himpunan Saudara 1906 for 713.1 billion Rupiah, about US$61 million. Securing approval from Indonesia’s central bank, Bank Indonesia, for the purchase took about 18 months amid an evolving regulatory environment for bank acquisitions … SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank
Indonesia’s central bank, Bank Indonesia (“BI”), has issued a regulation designed to improve the competitiveness of the banking system by streamlining bank ownership through consolidation and enhancing supervision, particularly in the area of good corporate governance. BI Regulation No. 14/24/PBI/2012 regarding Single Ownership in Indonesian Banks was issued on December 26, 2012. It addresses what … Indonesian Banks Get New Ownership Rules
