Inchcape plc (LSE:INCH) and PT Indomobil Sukses Internasional Tbk (IDX:IMAS) entered into an agreement to acquire P.T. Mercedes Benz Indonesia/P.T. Mercedes-Benz Distribution Indonesia from Mercedes-Benz AG on March 31, 2023. The transaction remains subject to customary conditions with completion anticipated in late 2023. Veronica Roberts, David Dawborn and Cellia Cognard of Hiswara Bunjamin & Tandjung and Veronica Roberts, David Dawborn and Cellia Cognard of Herbert Smith Freehills LLP acted as legal advisor to Inchcape plc. Walalangi & Partners acted as legal advisor to Mercedes-Benz AG.

Inchcape plc (LSE:INCH) and PT Indomobil Sukses Internasional Tbk (IDX:IMAS) completed the acquisition of P.T. Mercedes Benz Indonesia/P.T. Mercedes-Benz Distribution Indonesia from Mercedes-Benz AG on September 29, 2023.