China Datang Corp’s US$394 Million Acquisition Of Thermal Power Plants From Dian Swastatika Sentosa


Herbert Smith Freehills has advised PT Dian Swastatika Sentosa (DSS) on the deal.

PT Dian Swastatika Sentosa transferred a 75% interest in three operating power plants in a US$394 million sale to China Datang Corp, the Chinese state-owned energy conglomerate. DSS will remain as a minority shareholder after the transaction.

Senior international counsel Matthew Goerke (Picture) led a team advising every aspect of the transaction, including structuring, vendor due diligence, and preparation and negotiation of transaction documents. Matthew led the HBT team advising DSS, assisted by Andrew Gadd (on transaction documents), Renny Soependi (on closing) and Paskalia Deviani (on due diligence).

Involved fees earner: Andrew Gadd – Herbert Smith Freehills; Matthew Goerke – Herbert Smith Freehills; Renny Soependi – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Dian Swastatika Sentosa;

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Author: Michael Patrini