Brahmantyo Jatiwidianto and M. Eldwin Islamey Share Expertise in Mitratel’s Leadership Development Program
In mid-February, we are proud to have our Associate Partner, Brahmantyo Jatiwidianto, and Senior Associate,
TnP Law Firm is proud to have assisted and represented PT Jasa Marga (Persero) Tbk (JSMR) and PT Jasamarga Transjawa Tol (JTT) in their equity financing transaction entered into with (i) Warrington Investment Pte. Ltd. (WIPL), a wholly owned investment company of Singapore’s sovereign wealth fund, GIC, and (ii) PT Metro Pacific Tollways Indonesia Services (MPTIS) and PT Margautama Nusantara (MUN), subsidiaries of Metro Pacific Tollways Corp, the largest toll road developer and operator in the Philippines.
On 28 June 2024, we are delighted to witness JSMR, JTT, Koperasi Konsumen Karyawan Jalin Margasejahtera (KKJM), MUN, MPTIS, and WIPL formally inked the Conditional Share Sale and Purchase Agreement and the Conditional Share Subscription Agreement, which marked a significant milestone in this transaction. On completion of this transaction, JSMR retains a 65% majority stake in JTT, maintaining full control over the operation and management of the Trans Java toll roads. JTT, which currently operates 676 KM of the Trans Java toll road, representing 57% of its total length of 1,184 KM, continues to play a pivotal role within the JSMR group.
We will continue to support JSMR and JTT by navigating them through the conditions precedent of the transaction documents and remain committed to ensure a smooth transaction process, adhere the principles of Good Corporate Governance (GCG), and culminate it later in the Share Purchase Agreement (SPA) signing, which marks the closing of this transaction.
Our Partner, Ken Prasadtyo and Associate Partner, Kevin Yehezkiel, led the team with direct support from Senior Associate Afif Alfaruqi, and Associate, Bianka Renzanova K.
In mid-February, we are proud to have our Associate Partner, Brahmantyo Jatiwidianto, and Senior Associate,
TnP Law Firm assisted PT Jasamarga Akses Patimban (JAP), a subsidiary of PT Jasa Marga
TnP Law Firm is proud to continue advising and assisting PT Pelindo Terminal Petikemas (SPTP),
We are pleased to share that Danareksa, through its Danareksa Learning Institute (DLI), invited Melissa
We are pleased to announce the successful completion of PT Dayamitra Telekomunikasi Tbk (Mitratel)’s acquisition