International law firm Freshfields Bruckhaus Deringer has advised HSBC Holdings plc on the sale of its entire shareholding in Ping An Insurance (Group) Company of China Ltd, representing 15.57% of the issued share capital of Ping An Insurance.
The shares will be sold to four indirect wholly-owned subsidiaries of Charoen Pokphand Group Company Limited, the Thai conglomerate, for an aggregate purchase price of approximately US$9.4 billion.
Freshfields’ China Chairman Teresa Ko said: “We congratulate our longstanding and valued client, HSBC, on the execution of this strategically important deal.”
The Freshfields team was led by China Chairman Teresa Ko who was supported by counsel David Cotton and associates Sam Brown, Robin Scott, Adrien Ng and Flora Feng. The team also included Head of Asia finance practice David Winfield and finance associate Marcus Lim.
