10 June 2024

Allen & Gledhill, as transaction counsel, advised Oiltanking Group (“Oiltanking”) on its divestment (“Divestment”) of PT Oiltanking Karimun to Novus Middle East DMCC.

In connection with the Divestment, Oiltanking Finance BV, a wholly owned finance company of Oiltanking, transferred all rights in a loan it extended to PT Oiltanking Karimun to Novus Middle East DMCC.

Advising Oiltanking were Partners Kevin Omar Sidharta and Elsie F. Hakim, Partner (Foreign Law) Aris Budi Prasetiyo, and Foreign Counsel Oene J. Marseille from AGI Legal and Partner Oh Hsiu-Hau from Allen & Gledhill.