Ashurst recently advised an affiliate of PT CT Corpora ("CT Corp") on the acquisition financing of a rights issue by a major Indonesian airline.

The team from Ashurst's Hong Kong office was led by finance partner Dominic Gregory.

CT Corp is a rapidly growing, diversified Indonesian-based holding company that is active in, among other things, financial services, media, lifestyle and entertainment, and natural resources.

Ashurst has represented CT Corp in previous financings, including in relation to its acquisition of the remaining 60% interest of Carrefour Indonesia, in relation to an approximate US$ 1.3 billion refinancing of corporate facilities for the CT Corp group and in relation to the acquisition financing of PT Indonusa Telemedia.