UMBRA | Deals

February 6, 2020 In Deals

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...

January 20, 2020 In Deals

PT KAI and PT MRT Jakarta have signed an agreement on the establishment of a joint venture company to manage transportation in Greater Jakarta

Opening 2020 with yet another groundbreaking transaction, we would like to congratulate PT Kereta Api Indonesia (Persero) and PT Mass Rapid Transit Jakarta (Perseroda) for the establishment of PT Moda Integrasi Transportasi Jabodetabek, a collaborative venture between the Government of Indonesia and Regional Government of...

January 14, 2020 In Deals

The signing ceremony of the power purchase agreement for 145 MWac Cirata Floating Solar PV PPA in Abu Dhabi

Congratulations to PT PLN (Persero), PT Pembangkitan Jawa Bali Investasi and Masdar (Abu Dhabi Future Energy Company) for the signing of the 145 MWac Cirata Floating Solar PV PPA in Abu Dhabi! This landmark project, being one of the largest solar floating plants in Southeast Asia,...

October 17, 2019 In Deals

The signing ceremony of the cooperation agreement and power purchase agreement for the development of the 35MW Sunter ITF Plant

Our power and infrastructure partner, Kirana Sastrawijaya and our lawyers, Amelia Rohana Sonang and Qamelya Risma, attended the signing ceremony of the cooperation agreement and power purchase agreement for the development of the 35MW Sunter Intermediate Treatment Facility (ITF) Plant – one of the first...

October 16, 2019 In Deals

The acquisition & lease back of 2,100 telecommunication towers of Indosat Ooredoo

Congratulations to Telkom Indonesia and PT. Dayamitra Telekomunikasi (Mitratel) for the acquisition & lease back of 2,100 telecommunication towers of Indosat Ooredoo which was carried out through a highly competitive bidding process involving prominent players in the industry. The transaction signifies a major milestone for...

October 9, 2019 In Deals

Dual Fuel Engine Barge Mounted Power Plant (BMPP) 150MW

Congratulations to PT PLN (Persero), PT Indonesia Power and PT PAL INDONESIA (Persero) on the signing of the project documents for the development of 150MW dual fuel engine Barge Mounted Power Plant (BMPP) project. Following a complex structuring and tough contract negotiation process led by...

August 19, 2019 In Deals

Representing PT Pertamina EP Cepu (PEPC) in the US$1.85bn financing for the US$4.6bn Jambaran-Tiung-Biru (JTB) gas field unitization project.

We would like to congratulate PT Pertamina EP Cepu (PEPC) for the successful closing of its US$1.85bn financing (arranged by a syndication of 12 major foreign and local banks) for the US$4.6bn Jambaran-Tiung-Biru (JTB) gas field unitization project, which is one of Indonesia Government's national...

August 13, 2019 In Deals

Successful settlement of a cross border multi million dollar dispute

We are proud to announce that UMBRA’s Litigation and Alternative Dispute Resolution department, led by our partners, Melati Siregar and Pramudya A. Oktavinanda has successfully assisted our client in carrying out a cross border multi million-dollar out-of-court settlement process involving a dispute of mineral commodity...

August 9, 2019 In Deals

Representing PT Pertamina (Persero) in its offering of USD 1.5 billion Global Medium-Term Notes Program (2019)

Led by our Partners, Pramudya A. Oktavinanda and Ahmad Zakaria, and Associate, Paula Aprijanto, UMBRA recently acted as the issuer counsel for PT.Pertamina (Persero) in its successful issuance of USD1.5 billion global bonds which will be used to support the company's capital expenditure budget. Hailed...

January 2, 2019 In Deals

Acquisition of PT Pertamina Gas by PT Perusahaan Gas Negara Tbk. (Indonesian Oil and Gas Industry Consolidation)

Closing a major deal is one of the best ways to close a successful year. On 28 December 2018, PGN completed the US$1.35 billion (equivalent to Rp20 trillion) acquisition of 51% shares of PT Pertamina Gas (Pertagas) from PT Pertamina (Persero), signifying the completion of...