Baker McKenzie Advises Sampoerna Group on its Divestment of Sampoerna Agro to POSCO International’s Subsidiary

Twinwood Family Holdings Limited, a member of the Sampoerna Strategic Group (“Sampoerna Group”), has received advice from Baker McKenzie and its member firms Baker McKenzie Wong & Leow in Singapore and HHP Law Firm in Indonesia regarding the sale of its entire 65.721% stake in PT Sampoerna Agro Tbk (“SGRO”) to AGPA Pte. Ltd., a subsidiary of POSCO International Corporation (“POSCO International”; Stock Code: 047050.KS), a Korean conglomerate involved in trading, energy, steel, and agribusiness.