CNBC’s signing a strategic partnership with PT Trans Media Corpora in Indonesia

Ashurst advised PT Trans Media Corpora as borrower in connection with a financing transaction.

CNBC and PT Trans Media Corpora have signed a strategic partnership that will see the creation of CNBC Indonesia, a dedicated business and financial TV and digital news service.

PT Trans Media Corpora owns leading television, cable and online networks including Trans TV, Trans 7, Trans Vision, Detik and CNN Indonesia.

The Borrower is a part of the PT CT Corpora group.

PT CT Corpora (“CT Corp”) is a rapidly growing, diversified Indonesian-based corporate group which is active in financial services, media, lifestyle, entertainment and natural resources and has strongly-positioned companies across various sectors and markets in Indonesia.

Ashurst advised PT Trans Media Corpora with a team led by partner Dominic Gregory (picture) and senior associate Nikki Chong.

 

Involved fees earner: Dominic Gregory – Ashurst; Nikki Chong – Ashurst;

Law Firms: Ashurst;

Clients: PT Trans Media Corpora;

 

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Author: Michael Patrini