Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 31-03-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Maxis Communications Sale of PT Axis Telekom Indonesia Shares | Industry: | Mobile Telecommunications |
| Description: |
Leading international law firm Clifford Chance has advised Maxis Communications Berhad on the divestment of its 14.9% share in PT Axis Telekom Indonesia (AXIS) to Saudi Telecom Company (STC). The divestment dovetailed with the acquisition by PT XL Axiata Tbk (Axiata) of a majority stake of Axis from STC.
The acquisition by Axiata has a 100% enterprise value of USD865 million on a cash free and debt free basis.
Lee Taylor was supported by counsel Sze-Shing Tan.
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| Financial Center: | Singapore | Value: | 0.00-0.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Indonesia | Acquiror Jurisdiction: | Saudi Arabia |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Lee Taylor |
