Wong & Partners Advised Press Metal Aluminium On Acquisition Of 50% Stake in Japan Alumina Associates.

Legal News & Analysis - Asia Pacific - Malaysia - Japan - Corporate/M&A

23 October, 2018

 

Deal Summary

 

Wong & Partners, a member firm of Baker McKenzie International, advised Press Metal Aluminium Holdings Bhd, the largest integrated aluminium producer in Southeast Asia, in connection with its proposed AUD250 million acquisition of a 50% stake in Japan Alumina Associates (Australia) Pty Ltd ("JAA") from ITOCHU Corporation and ITOCHU Minerals & Energy of Australia Pty. Ltd., through its 80%-owned subsidiary Press Metal Bintulu Sdn. Bhd. JAA is principally an investment holding company which holds 10% interest in the Worsley Alumina Project, one of the world's largest and lowest-cost alumina producers.

 

Key dates

 

Signed on 17 October 2018

 

Value

 

AUD250 million

 

Lead partners

 

Mark Lim and Ee Von Teo

 

Supporting lawyers

 

Siew Yen Tai (Associate, Wong & Partners)

 

Supporting office & team

 

Adrian Chin (Principal, Baker McKenzie Australia); Richard Lustig (Principal, Baker McKenzie Australia); Leah Cutri (Senior Associate, Baker McKenzie Australia); Ellen Collins-Jennings (Associate, Baker McKenzie Australia); Melissa Healy (Local Principal, Baker McKenzie Wong & Leow).

 

Related links

 

Press Metal Aluminium’s announcement to Bursa Malaysia: 

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5945165