01 Oct 2019

Acquisition of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi

Partner Eko Basyuni from Assegaf Hamzah and Partners acted for ITOCHU Techno-Solutions Corporation (CTC), a Japanese multinational IT services company, in its IDR980 billion (US$69.2 million) acquisition of 70% of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi. The team assisted in providing necessary advice relating to the transaction structure and fulfilment of conditions precedent to accommodate the best interests of both the sellers and the buyer to ensure a successful consummation of the deal.