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HPRP Successfully Assisted Kimia Farma in its Company Expansion to the Middle East Market

August 3, 2017

HPRP successfully acted for PT Kimia Farma (Persero) Tbk (KF), as a legal counsel in its company expansion to the Middle East market by acquiring shares in a pharmaceutical company in Saudi Arabia, Dawaa Ltd. Co. The two companies recently signed a Conditional Share Subscription Agreement (CSSA) in Mecca, Saudi Arabia (19/7).

As quoted from the KF’s official page, by this agreement and once all the conditions are fulfilled, the shares in Dwaa will be 60% owned by KF and 40% shares owned by Dwaa’s existing shareholder. This corporate action is an initial step of KF to enter a new market in the Middle East.

As a member of a consortium led by PT Bahana Securities, HPRP was appointed to provide comprehensive legal assistance in the transaction. Partner Giovanni Mofsol Muhammad assisted by Associate lawyers, Mika Isac Kriyasa, Citra Ayu Kusumawardhani, and Peter Christopher, were involved in designing the most beneficial structure for the transaction, developing agreements, and supporting the client in preparing all the other required legal documents .

As a leading law firm with a wide 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 with major projects, including government projects. For more details on our services, please contact us at email or phone +6221 5701837.