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Deal Date: 09-01-2023 Practice Area: Corporate and M&A
Deal Title: Kimia Farma on Strategic Minority Stake Sale Industry: Pharmaceuticals & Biotechnology
Milbank LLP advised Indonesia state-owned pharmaceutical company PT Kimia Farma Tbk and its subsidiary PT Kimia Farma Apotek on a strategic minority equity stake sale to a consortium of investors consisting of China’s Silk Road Fund and Indonesia’s sovereign wealth fund, Indonesia Investment Authority. Under the terms of the agreement, SRF and INA would collectively acquire a significant minority stake in each of KAEF and KFA as part of their equity investment in the companies.
Financial Center: Singapore Value: 0.00-0.00
Advised Party: Vendor Law Firm
Target Company Jurisdiction Indonesia Acquiror Jurisdiction China
Classification: Financial Buyer Acquisitions Minority Investment
Lawyer Jacqueline Chan