Bird & Bird ATMD has acted for SGX-listed United Global Limited, through its wholly owned subsidiary United Oil Company, in the acquisition of 95% of the issued and paid-up share capital of Indonesia-based lubricant manufacturer PT Pacific Lubritama Indonesia. The sale is for $18.2 million which will be financed through its internal resources and proceeds from its listing of shares on the SGX Catalist.
 
The team involved in the transaction was led by Marcus Chow (Partner, Singapore) who was assisted by Jolie Giouw (Counsel, Singapore).