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O’Melveny Represents UBS AG and CLSA as Placement Agents in PT Pakuwon Jati Tbk Block Trade Share Sale

November 06, 2012

FOR IMMEDIATE RELEASE

CONTACT:

Julie Fei

O’Melveny & Myers LLP

+1 213.430.7792

jfei@omm.com


Priscilla Chen

O’Melveny & Myers LLP

+65 6593.1887

pchen@omm.com

SINGAPORE - NOVEMBER 6, 2012 -
O’Melveny & Myers LLP has represented UBS AG and CLSA as placement agents in connection with the block trade share sale by BSL Investment Inc. of 3.4 billion shares of PT Pakuwon Jati Tbk. at a price of IDR240 per share. The gross proceeds received by BSL Investment as selling shareholder totaled approximately IDR816,000,000,000 (US$85 million). The transaction was structured as a placement under Regulation S and Rule 144A under the United States Securities Act of 1933, as amended.

 

Pakuwon is a diversified real estate developer with projects in Jakarta and Surabaya. Pakuwon’s portfolio of prime properties includes retail, residential, commercial, and hospitality developments.  Pakuwon was established in 1982 and has been listed on the Indonesia Stock Exchange (IDX) since 1989.

 

O'Melveny's Singapore-based team was led by partner Andrew Hutton and associate Michele Discepola.

About O'Melveny & Myers LLP

With approximately 800 lawyers in 15 offices worldwide, O'Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.