Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 10-02-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Sale of PT Bank Himpunan Saudara to Woori Bank | Industry: | Banks |
| Description: |
Leading international law firm Clifford Chance has advised Arifin Panigoro and Medco Intidinamika on its divestment of a 33% stake in PT Bank Himpunan Saudara 1906 to PT Bank Woori Indonesia and Woori Bank, one of South Korea's largest commercial banks.
PT Bank Himpunan Saudara 1906 is an Indonesia-based financial institution. Bank Saudara was founded in 1906 and offers banking services, including savings and checking accounts, fixed deposits and credit loans through its 110 sales offices across the country.
PT Medco Intidinamika is a subsidiary of Medco Group, a holding investment company from Indonesia founded by Arifin Panigoro. Medco Group's business mainly consists of energy (oil and gas) and non-energy sectors (property, agribusiness, construction-fabrication, IT, hotel and food).
Melissa Ng was supported by Corporate partner Simon Clinton and associate Chua Si Wei in Singapore.
|
||
| Financial Center: | Singapore | Value: | 0.00-0.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Indonesia | Acquiror Jurisdiction: | Republic of Korea |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Melissa Ng |
