Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Indonesian conglomerate PT Astra International Tbk (‘Astra International’) on the acquisition of a US$150m stake in Indonesian technology platform GO-JEK Group (’GO-JEK’). The deal signed on 12 February 2018.

Astra International has more than 200,000 employees and owns over 200 subsidiaries in a wide range of industry sectors from automotive to financial services. GO-JEK is a leading Indonesian multi-platform technology group, providing a wide range of services from transportation and payments to food delivery, logistics and other on-demand services. Its well-known GO-JEK app provides motorbike delivery and ride-sharing services.

The Freshfields team advising on the deal was led by partner and global co-head of M&A Rob Ashworth and Global Transactions counsel Nigel Gleeson.