ABNR Advises PT Geo Energy Maritim’s Acquisition of Shipping Companies
ABNR is proud to announce its role as legal counsel to PT Geo Energy Maritim, an indirect subsidiary of Geo Energy Resources Limited, in connection with the successful completion of a momentous corporate transaction undertaken by the Geo Energy Group.
Through this transaction, PT Geo Energy Maritim has completed the acquisition of a 51% equity interest in Indonesian shipping companies, namely, PT Trans Maritim Pratama and PT Bahari Segara Maritim, marking a strategic expansion of the Group’s maritime and logistics proficiencies. The completion reflects the satisfaction of all conditions precedent under the relevant conditional share purchase agreements, with the sale shares officially transferred on 8 January 2026.
As part of the acquisition consideration, Geo Energy Resources Limited allotted and issued 275,196,480 new ordinary shares to the sellers on the completion date. Following the issuance, Geo Energy Resources Limited’s total issued share capital increased from approximately 1.43 billion to 1.71 billion shares (excluding treasury shares). The consideration shares are subject to a one-year lock-up period, subject to certain exceptions, and rank pari passu with the existing shares. These shares are expected to be listed and quoted on the Main Board of the Singapore Exchange.
ABNR is honoured to have advised PT Geo Energy Maritim on this important transaction and to have supported the Geo Energy Group throughout the process. We congratulate all parties involved on the successful completion of this milestone transaction.
The ABNR team was co-led by Ms. Rita Taufik and Mr. Freddy Karyadi, with key support from partners of the firm, Mr. Muhammad Muslim and Mr. Mahatma Hadhi, and senior associates Ms. Kartika Budianti Lestari, Mr. Abdurachman Sidik Alatas, and Ms. Nina Santoso, and associates Mr. Khairul Rizal Harahap, Mr. Ricky Raytona, Mr. Michael Gerin, together with other members of the firm.
More Legal Updates
- 12 Feb 2026 A rising star shines brightest when supported by a strong foundation.
- 09 Feb 2026 ABNR Shares Insights with OJK on KUHAP 2025 and Its Potential Impact on Criminal Investigation in the Financial Services Sector
- 09 Feb 2026 ABNR Partners Engage with OJK on SOE Law Revisions and Financial Sector Oversight
- 04 Feb 2026 Corporate Actions in Indonesia Face New Scrutiny under MOL Regulation No. 49 of 2025
- 02 Feb 2026 ABNR Advises CBL Group on Strategic Acquisition of PT Tri Jaya Tangguh
- 27 Jan 2026 Indonesia Greenlights Crypto Derivatives: A Look at the New OJK Framework
NEWS DETAIL
19 Jan 2026
ABNR Advises PT Geo Energy Maritim’s Acquisition of Shipping Companies
ABNR is proud to announce its role as legal counsel to PT Geo Energy Maritim, an indirect subsidiary of Geo Energy Resources Limited, in connection with the successful completion of a momentous corporate transaction undertaken by the Geo Energy Group.
Through this transaction, PT Geo Energy Maritim has completed the acquisition of a 51% equity interest in Indonesian shipping companies, namely, PT Trans Maritim Pratama and PT Bahari Segara Maritim, marking a strategic expansion of the Group’s maritime and logistics proficiencies. The completion reflects the satisfaction of all conditions precedent under the relevant conditional share purchase agreements, with the sale shares officially transferred on 8 January 2026.
As part of the acquisition consideration, Geo Energy Resources Limited allotted and issued 275,196,480 new ordinary shares to the sellers on the completion date. Following the issuance, Geo Energy Resources Limited’s total issued share capital increased from approximately 1.43 billion to 1.71 billion shares (excluding treasury shares). The consideration shares are subject to a one-year lock-up period, subject to certain exceptions, and rank pari passu with the existing shares. These shares are expected to be listed and quoted on the Main Board of the Singapore Exchange.
ABNR is honoured to have advised PT Geo Energy Maritim on this important transaction and to have supported the Geo Energy Group throughout the process. We congratulate all parties involved on the successful completion of this milestone transaction.
The ABNR team was co-led by Ms. Rita Taufik and Mr. Freddy Karyadi, with key support from partners of the firm, Mr. Muhammad Muslim and Mr. Mahatma Hadhi, and senior associates Ms. Kartika Budianti Lestari, Mr. Abdurachman Sidik Alatas, and Ms. Nina Santoso, and associates Mr. Khairul Rizal Harahap, Mr. Ricky Raytona, Mr. Michael Gerin, together with other members of the firm.