Shearman & Sterling advised Indonesia’s state-owned mining company PT Indonesia Asahan Aluminium (Persero), formally known as Inalum and recently rebranded as MIND ID, on the signing of a share purchase agreement to acquire a 20 percent stake in PT Vale Indonesia from Vale Canada and Sumitomo Metal Mining. This is a high-profile transaction in Indonesia and follows up from Inalum’s acquisition of the Freeport mine in 2018.
PT Vale Indonesia is the largest nickel producer in Indonesia and one of the largest globally. The company is a subsidiary of Vale SA, a global leader in iron ore production and the world’s second biggest mining company, headquartered in Brazil.
The Shearman & Sterling team is led by partners Sidharth Bhasin and James Clayton-Payne; and associate Penelope Davey (all Singapore-Mergers & Acquisitions). Other lawyers involved in the transaction included partner James Webber (London/Brussels-Antitrust); counsel Mathias Stöcker (Frankfurt-Antitrust), Kana Morimura (Tokyo-Capital Markets) and Lachlan Clancy (Singapore-Project Development & Finance); and associate Ruba Noorali (London-Antitrust).
NOTES TO EDITORS:
About Shearman & Sterling:
With more than 850 lawyers in 24 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.
Samily Kwok, Asia Media
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