Slaughter and May advised Aviva plc on its exit from Indonesia by selling its entire shareholding in its joint venture in Indonesia

Slaughter and May advised Aviva plc on its exit from Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra International Tbk.

The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including regulatory approval in Indonesia and the completion of Bangkok Bank Public Company Limited’s (“Bangkok Bank”) acquisition of PT Bank Permata Tbk (“Permata Bank”), Aviva Indonesia’s bancassurance partner. The shareholders of Bangkok Bank approved the acquisition of Permata Bank on 5 March 2020.

Corporate
Richard Smith Partner
Ross Davies Associate
Graeme Earle Associate
Usman Sawar Associate
Tax
William Watson Partner
Eddie Creamer Associate
IP/IT
Rob Sumroy Partner
Oliver Howley Associate
Ian Ranson Associate