Assisting the Ministry of State-Owned Enterprises and PT Bio Farma (Persero), Tbk in the Establishment of Indonesian Pharmaceutical Holding Company
Continuing our strong series of deals, we are proud to announce the establishment of the Indonesian Pharmacy State-Owned Enterprises Holding Group. In this Rp12.4 trillion corporate restructuring transaction, our senior partner Ahmad Zakaria and associate Paula Aprijanto, assisted the Ministry of SOEs, PT Kimia Farma Tbk., PT Indofarma Tbk., and PT Bio Farma (Persero) in their grand plan of creating a world-class pharmaceutical group company. The long-awaited holding structure is intended to improve the efficiency of Indonesian pharmaceutical business, as well as reducing the importation of active pharmaceutical ingredients. This initiative is also expected to increase coordination among and technical specialization of each group member, ensuring that the group could provide integrated services and support the Government’s healthcare program.
With the completion of this deal, we stand as the only law firm in Indonesia that has successfully closed multiple establishments of SOEs holding group, cementing our position as the leading firm in dealing with the complex nature of SOEs’ business and management. True to our philosophy, we don’t make claims, we get things done!
Congratulations to all the parties involved!