[ad_1]
Baker McKenzie’s Singapore member firm Baker McKenzie Wong & Leow represents Dutch pension investor APG Asset Management NV (APG) and a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) in the Trans-Java Toll Road section. made an investment. Indonesia’s Kansi Pejagan and Pejagan Pemaran in collaboration with Indonesia Investment Authority (INA).
The Kanci-Pejagan and Pejagan-Pemalang toll road sections are the initial seed assets of the platform, which targets up to USD 2.75 billion of investment opportunities in Indonesia’s toll road network.
These sections help promote connectivity between Indonesia’s regions, and traffic volumes have skyrocketed, with the number of vehicles per day increasing by more than 1.5 times from 13,202 in 2016 to 22,206 in 2021. Increased.
The cross-border Baker McKenzie team was led by M&A principal Boo Bee Chun in Singapore and partner Nadia Soraya in Jakarta. Bee Chun and Nadia are joined by Senior Associate Meiliana Santi (Jakarta), Associates Ong Liang Jun (Singapore), Monica Chajono (Jakarta) and Junior Associate Jeremy Abraham Guntur (Jakarta). Supported by
Bee Trung said: “We are honored to support APG and ADIA in this ground-breaking investment in Indonesia’s important toll road network. “This experience has played an important role in helping our clients navigate a complex social landscape.” “This transaction is the objective of this investment platform to significantly strengthen regional connectivity and bring new economic opportunities to Indonesia and the wider region.The positive impact will unfold in the coming years. I’m excited to see it happen.”
The deal is the latest addition to a series of high-profile infrastructure deals that Baker McKenzie has worked on in Indonesia. This includes, inter alia, EGCO Group’s recent equity investment in Chandra Asli Group’s infrastructure subsidiary PT Chandra Daya Investasi; Vale Canada’s sale of PT Vale Indonesia’s stake to PT Mineral Industry Indonesia; and the completion of an Rp8.9 trillion loan to PT Air Bersih Jakarta. Drinking water infrastructure in Jakarta.
[ad_2]
Source link
