Year Category: 2019

SSEK Advises on Real Estate JV

SSEK recently acted as Indonesian counsel to a foreign sovereign wealth fund that specializes in real estate investment and management services in connection with a contemplated joint venture with JustCo, Singapore’s largest co-working space provider, to develop co-working spaces across Asia. Specifically for the Indonesian aspect of the transaction, the client sought to acquire a SSEK Advises on Real Estate JV

SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

SSEK has acted as Indonesian counsel to KEB Hana Bank Korea, South Korea’s largest bank by assets, and the largest foreign exchange bank in South Korea, in connection with the acquisition by LINE Corporation, through its subsidiary LINE Financial Asia, of a 20 percent stake in PT Bank KEB Hana Indonesia through a Share Subscription SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

SSEK Advises PT Risland Sutera Property on Land Acquisition for Residential Development

SSEK has advised PT Risland Sutera Property, part of Country Garden Group, on the acquisition of several plots of land in Alam Sutera, owned by PT Alam Sutera Realty Tbk. The land is located on the outskirts of Jakarta and will be used for a large residential development known as Sky House Alam Sutera. SSEK SSEK Advises PT Risland Sutera Property on Land Acquisition for Residential Development

SSEK Advises on Acquisition of GE’s Distributed Power Business

SSEK has acted as Indonesian counsel to General Electric in connection with the acquisition by global private equity firm Advent International of GE’s Distributed Power business. The global value of the acquisition was USD 3.25 billion, as has been reported. SSEK, with DLA Piper (Singapore), assisted GE in structuring and handling the formation of the SSEK Advises on Acquisition of GE’s Distributed Power Business

SSEK Advises Pertamina on Creation of Indonesian Oil and Gas Holding Company

SSEK has advised on the formation of the Indonesian Oil and Gas Holding SOE, a USD 4 billion deal that results in the creation of Indonesia’s largest state-owned holding company. The deal closed on December 28, 2018. SSEK worked on this two-stage deal since 2012. We represented the Indonesian Ministry of State-Owned Enterprises in the SSEK Advises Pertamina on Creation of Indonesian Oil and Gas Holding Company