Big congratulations to PT Cipta Mortar Utama and PT Indocement Tunggal Prakarsa Tbk. – Heidelberg Materials – through its subsidiary, on the successful completion of the acquisition of assets and shares relating to the mortar business and product lines, marking a significant transaction to conclude 2025!
We are proud to have supported this important strategic milestone, which reflects the parties’ shared commitment to delivering their respective purposes of “Making the World a Better Home” and “Materials to Build Our Future” and to further strengthens their positioning to continuously meet Indonesia’s evolving residential and building construction needs in the years ahead, particularly within the mortar business segment.
The transaction was led by Ms. Miriam Andreta, M&A Partner and Head of the firm’s Antitrust Focus Group, with the dedicated support of Mr.Raditya Pratamandika Putra, Senior Associate, and Ms. Femalia Indrainy Kusumowidagdo, Mr. Alan Sylvester, Ms. Josephine Hadiwijaya, and Ms. Ayska Karissa, Associates of the firm—whose collective expertise and commitment were instrumental to the successful completion of the transaction.