15 May, 2019
L&L advised PETRONAS in connection with the acquisition of 100% shareholding of Amplus from ISQ Asia Aggregator Pte. Ltd. [ISQ] through PETRONAS’ Dutch subsidiary, PETRONAS International Power Corporation B.V.
The deal was backed by R&W Insurance and the team participated in extensive discussions with the insurance provider on legal due diligence on Amplus Singapore. The team also participated in extensive discussions with financial advisors appointed by PETRONAS for the transaction. The transaction involved rigorous round the clock work and involved stringent timelines as well multiple rounds of negotiations and discussions with various stakeholders involved.
The deal marks PETRONAS’ international foray into renewable energy and represents a significant step in PETRONAS’ intent to grow in the renewable energy business as part of its strategy to step in the new energy business.
L&L team was led by Partners, Samir Dudhoria and Pallavi Bedi, assisted by Jitender Singh Shekhawat (Senior Associate), Aiswarja Mohanty (Associate), Ashita Bali (Associate), Aarushi Nargas (Associate) and Kanchan Modak (Associate)
