Hogan Lovells on the tender offer launched by Pertamina on Maurel & Prom

The Indonesian oil company Pertamina successfully completed its tender offer on Etablissements Maurel & Prom. Pertamina now owns 72.65% of the share capital, 52.09% of the outstanding Ornanes 2019 and 41.77% of the outstanding Ornanes 2021 of Etablissements Maurel & Prom. The enterprise value for Etablissements Maurel & Prom amounted to approximately 1.3 billion euros.

The Hogan Lovells team advising Pertamina on this transaction was led by Stéphane Huten (Partner) assisted by Mathieu Frick, Arnaud Deparday (senior associates), Marion Salus (associate) on the corporate aspects as well as Eric Paroche (Partner) and Flora Oriot (associate) on the competition law aspects. Hogan Lovells' offices in Asia, Latin America and Africa also advised on the transaction.

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