DITRA Represented an Indonesian SOE on the Divestment of its Subsidiary

We are pleased to announce that we have represented a prominent Indonesian State-Owned Enterprise (SOE) on the successful divestment of its 60% equity interest in a key subsidiary.

The divestment was strategically structured in two stages, with the first stage recently reaching a successful close. This divestment is a pivotal component of the Client’s broader initiative to optimize its investment portfolio, enhance liquidity and support its ongoing financial restructuring efforts.

DITRA advised on all Indonesian law aspects of the transaction, including satisfaction of conditions precedent and regulatory requirements, issuance of legal opinions and engagement with the relevant state authorities. Our team also advised on the closing mechanics and share valuation adjustment, ensuring continued compliance with SOE regulations and Indonesian laws.

The Ditra team was led by Partner Adhika Aditya, with support from Associate Michael Ho.

Ditra is pleased to have supported the Client and congratulates all involved parties on this milestone transaction.