Hogan Lovells' Paris office advised Indonesian oil company, Pertamina, on the successful completion of its tender offer for 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 of Etablissements Maurel & Prom amounted to approximately €1.3 billion.

The Hogan Lovells team advising Pertamina was led by Stéphane Huten (partner) assisted by Mathieu Frick (senior associate), Arnaud Deparday (senior associate), and Marion Salus (associate) on the corporate aspects of the transaction.  Eric Paroche (partner) and Flora Oriot (associate) assisted on the competition law aspects.

Hogan Lovells offices in Asia, Latin America and Africa also advised on the transaction.