Clifford Chance

Clifford Chance advises shareholders of Puninar Logistics on joint venture with Kerry Logistics Network

Leading international law firm Clifford Chance has advised the shareholders of Indonesian logistics services provider, PT Puninar Saranaraya (Puninar Logistics), on the formation of a joint venture with KLN Singapore, a wholly owned subsidiary of Kerry Logistics Network.

Singapore corporate partner Melissa Ng led the transaction and said, "We are delighted to have worked with the Puninar team on this strategic transaction. The joint venture will be well placed to benefit from the substantial growth opportunities we see in the Indonesian logistics sector, particularly in light of the large investments in infrastructure being planned by the new Indonesian government."

The joint venture will combine Kerry Logistics' global logistics expertise and international freight forwarding network with Puninar Logistics' Indonesian logistical capabilities and connections giving customers in Indonesia access to complete supply chain solutions and a globally integrated network. Puninar Logistics will also be able to expand its international customer base.