YTL Power International Berhad - Disposal of YTL Jawa Power Holdings

  • 07 July 2011
 

Slaughter and May acted for YTL Power International Berhad on the disposal via its wholly owned subsidiary, YTL Jawa Power Holdings Limited, of a 42.86 per cent. equity interest in YTL Jawa Power Holdings B.V. to Aster Power Holding B.V. (a wholly owned subsidiary of Marubeni Corporation) for consideration of USD 224,000,000.

The principal activity of YTL Jawa Power Holdings B.V. is investment holding and it is the holding company of YTL Jawa Power B.V., which in turn holds a 35 per cent stake in PT Jawa Power, an Indonesian company which owns a coal-fired power generation plant with installed capacity of 1,220 megawatts located at the Paiton Power Generation Complex in East Java, Indonesia.

Slaughter and May advised on the sale arrangements and also the associated ongoing joint venture relationship between YTL Power International Berhad and Marubeni Corporation.

 
 

Contacts

 

Simon Hall (partner), Susan Hughes (associate), Ed Peacock (associate), Ngozie Azu (associate)

 
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