Holman Fenwick secures $1.3bn mining deal
Holman Fenwick & Willan has acted on a $1.3bn (£648m) energy deal for Indonesian-listed Bumi Resources, which has sold a stake in two mining companies to Tata Power. The firm's Singapore, London and Dubai offices acted on a deal in which Bumi sold a 30% stake in Kaltim Prima Coal and Arutmin Indonesia to India's largest privately-owned utility company, Tata. It is one of South East Asia's largest M&A deals in the mining sector in to date.
April 19, 2007 at 12:09 PM
1 minute read
Holman Fenwick & Willan has acted on a $1.3bn (£648m) energy deal for Indonesian-listed Bumi Resources, which has sold a stake in two mining companies to Tata Power.
The firm's Singapore, London and Dubai offices acted on a deal in which Bumi sold a 30% stake in Kaltim Prima Coal and Arutmin Indonesia to India's largest privately-owned utility company, Tata. It is one of South East Asia's largest M&A deals in the mining sector in to date.
Former White & Case corporate partner Alistair Duffield, who joined Holman Fenwick in 2003, led the deal from Singapore. In London, corporate and commercial partners Nick Hutton and Samantha Roberts advised and energy partner Daniel Chung, also a former White & Case partner, advised from Dubai.
Holman Fenwick was assisted on local law issues by capital markets partner Rambun Tjajo from Baker & McKenzie's local arm in Jakarta, Hadiputranto Hadinoto & Partners.
Australian firm Freehills advised Tata Power. Energy and resources partner Haydn Dare led the team.
Mining partner Dezi Kirana at Indonesian correspondent firm Soemadipradja and Taher provided local law advice.
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