IMC Industrial Group, a leading provider of integrated industrial supply chain and logistics solution, intended to divest all of its indirect ownership of shares in PT Nusa Indah Kalimantan Plantations, a plantation company in East Kalimantan. With the completion of this share divestment transaction, the client will focus its business to their core sector, shipping. The buyers, a group company engaged in plantation business field acquired 100% shares from the sellers.

In this transaction, Dentons HPRP acts as a legal counsel for the seller and becomes the sole legal counsel in the transaction as there is no legal counsel other than the buyer’s in-house counsel. The unique part of this transaction was that both seller and buyer are Dentons HPRP’s clients and we need waivers/clearance from buyer that in this transaction we would represent seller. All transaction documents as well as the conditions precedent documents are solely prepared by Dentons HPRP’s team, led by a Partner, Al Hakim Hanafiah, and supported by associate lawyers: Sari Veratiwi (Senior Associate), Rafi Andiandra Wardhana (Associate), Gozha Primanda (Associate), Fremi Rovi Raturandang (Associate), Alma Almira (Associate), and Shevanya Raina Kinanti Putri (Associate). Dentons HPRP provides clarification on all legal matters in the transaction both to IMC as the seller and to the counterpart as the buyer.

As a leading law firm with wide-ranging and in-depth knowledge in business and corporate actions, Dentons HPRP provides strategic advisory and comprehensive legal assistance to corporations in their business in Indonesia. For more details on our services, please contact the partner listed under the key contact.