Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 25-03-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | PT Borneo - Separation of Asia Resource Minerals from the Bakrie Group | Industry: | Mining |
| Description: |
Slaughter and May, London and Hong Kong, advised PT Borneo Lumbung Energi & Metal Tbk (Borneo), the Indonesian-listed coking coal producer, on the separation of Asia Resource Minerals Plc (ARMS, formerly Bumi plc) from the Bakrie Group.
The separation, which completed on 25 March 2014, involved the unwinding of Borneo and the Bakrie Group's joint venture arrangements; the acquisition by Ravenwood Acquisition Company Limited (a company owned by Samin Tan, the majority shareholder of Borneo) of the Bakrie Group's entire shareholding in ARMS for USD223 million; the acquisition by the Bakrie Group of a 29.2% shareholding in Pt Bumi Resources Tbk held by ARMS for USD501 million; and Borneo entering into a relationship agreement with ARMS.
Corporate and Commercial: Nilufer von Bismarck (partner), Paul Dickson (partner), Chris Bulger (associate); Financing: Peter Lake (partner), Stephen Fishbourne (associate), Jonathan Lai (associate); Tax: William Watson (partner), Edward Milliner (associate).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Acquiror | Law Firm | Slaughter and May |
| Target Company Jurisdiction: | Indonesia | Acquiror Jurisdiction: | United Kingdom |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Nilufer von Bismarck |
