PT Barata Indonesia (Persero) (“Barata”), a state-owned company engaged in manufacturing business, officially acquired the Siemens, a large steel fabrication facility for manufacture of components for steam and Gas Turbine in Cilegon, Banten. Through this corporate action, Barata will absorb Siemens’ experiences, capabilities and technology in power generation business.
This deal was marked by the Asset Purchase Agreement (APA) which was signed by President Director of Barata, Silmy Karim and President Director & CEO of PT Siemens Indonesia, Prakash Chandran at the BUMN Ministry Building (2/8). The Secretary of the Ministry of State-Owned Enterprises (“SOE”) and the Deputy for Mining Business, Strategic Industry and Media of the Ministry of SOE attended the signing ceremony.
Led by Partners, Giovanni Mofsol Muhammad and Fabiola Hutagalung, supported by Associates Lawyers Hapsari Arumdati, Sherly Gunawan, and other members, the HPRP team was appointed to give legal advice and assistance to PT Barata Indonesia in this acquisition transaction.
As a leading law firm with wide-ranging and deep expertise in business and investment, HPRP has been successful in providing strategic advisory and comprehensive legal assistance to corporations in their business in Indonesia. HPRP has successfully assisted in major projects, including government projects. For more details on our services, please contact us at email firstname.lastname@example.org or phone +6221 5701837.