About
Provided by Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Kramer
We have a dedicated project development team in Indonesia, with our energy, natural resources and infrastructure practice handling both transactions and projects, including financing. We have extensive experience and strength-in-depth in advising foreign investors on major projects and transactions involving Indonesia.
We have deep relationships with major Indonesian and international companies in the renewable energy and conventional power, oil and gas, mining, and infrastructure sectors.
Our recent work highlights include acting for:
- Consortium of INA, APG and ADIA on an investment cooperation with Waskita Karya for two sections of the Trans Java Toll Road (Kanci-Pejagan and Pejagan-Pemalang) with a total transaction value of US$1.25 billion (IJInvestor Transport Acquisition Award Asia Pacific 2024)
- Indonesia Investment Authority (INA) on divestment of a majority stake in two Indonesian toll roads to ADIA and APG with an enterprise value of approximately US$1.3 billion
- Sumitomo Metal Mining on its mandatory foreign divestment of a controlling stake in Vale Indonesia, together with Vale Canada and in cooperation with MIND-ID (the Indonesian mining sector SOE)
- Manara Minerals Investment Company on its indirect acquisition of Vale’s Indonesian businesses as a part of the global acquisition of Vale Base Metals business
- Pertamina Rosneft Pengolahan dan Petrokimia on development of the US$15 billion Tuban grass root refinery and petrochemical complex
