A&G News 14 January 2019
Allen & Gledhill advised Mitsui & Co., Ltd. (“Mitsui”), as transaction counsel, on its approximately MYR8.4 billion acquisition (the “Acquisition”) of 16 per cent. of shares (“Shares”) in the enlarged share capital of IHH Healthcare Berhad (“IHH”) from Pulau Memutik Ventures Sdn. Bhd., a wholly owned subsidiary of Khazanah Nasional Berhad.
Mitsui will hold approximately 32.9 per cent. of the Shares post completion of the transaction, making Mitsui the largest shareholder of IHH.
Advising Mitsui were Allen & Gledhill Partners Tan Su May, Christopher Koh, and Lauren Chung.
Advising Mitsui on competition and antitrust issues was Allen & Gledhill Partner Elsa Chen.
Advising Mitsui on the Malaysia part of the transaction were Partners Chen Lee Won and Ho Wei Lih from Rahmat Lim & Partners.