Clifford Chance advises China Merchants Port on its 51% controlling stake acquisition of Indonesian port operator NPH

Clifford Chance advises China Merchants Port on its 51% controlling stake acquisition of Indonesian port operator NPH

Global law firm Clifford Chance has advised China Merchant Port Holdings (CMP) on the international aspects of its proposed acquisition of a 51% controlling stake of Indonesia's port operator PT Nusantara Pelabuhan Handal Tbk (NPH) from PT Episenta Utama Investasi (EUI), which will trigger a mandatory tender offer for the remaining shares in NPH held by other eligible public shareholders.

NPH is listed on the Indonesian Stock Exchange and operates two container terminals in Jakarta's largest port, Tanjung Priok. The transaction will mark CMP's market entry into Indonesia, further expanding its port network in South East Asia.

Lead partner Julie Fu said, "We are delighted to have supported CMP on this successful strategic acquisition, which highlights our expertise in advising Chinese corporates and investors on their cross-border infrastructure acquisitions and investments."

Julie was supported by associates Ryan Siu and Charmaine Lee. ABNR Counsellors at Law acted as Indonesia local counsel.

Hong Kong-listed CMP is a global port and shipping developer, investor and operator with an extensive network covering 51 ports in 26 countries and regions (as of 2023).
Clifford Chance recently advised another China Merchants Group subsidiary, China Merchants Capital, on its US$870 million acquisition for a 40% stake in HKT's passive network infrastructure assets.