Mayer Brown JSM Advises Fincantieri on the US$1.2 Billion Acquisition of Singapore-listed STX OSV

Mayer Brown JSM is acting as lead international counsel to Italian shipbuilder Fincantieri, the world’s largest builder of cruise ships and a major player in the naval industry, on its acquisition of a 50.75 percent stake in Singapore-listed STX OSV. The total value of the transaction, including the acquisition and the mandatory cash offer to be made in compliance with the rules of the Singapore Code on Take-overs and Mergers, will amount to approximately US$1.2 billion (€900 million).

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Davis Polk Advises CNOOC on CFIUS Approval of Its Proposed Acquisition of Nexen

Davis Polk is advising CNOOC Ltd. in connection with its proposed $15.1 billion acquisition of Canadian energy company, Nexen, Inc., including clearing the transaction through the Committee on Foreign Investment in the United States (CFIUS). If completed, the transaction would be the largest foreign acquisition by any Chinese company. CNOOC is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. Nexen is an independent, Canadian global energy company, listed on the Toronto and New York stock exchanges under the symbol “NXY.”

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Davis Polk Advises PLDT on Its Sale of Business Process Outsourcing Businesses to CVC Capital Partners

Davis Polk is advising Philippine Long Distance Telephone Company (PLDT) in connection with the sale of the business process outsourcing businesses owned by its subsidiary SPi Global Holdings, Inc. (SPi) to an acquisition vehicle controlled by CVC Capital Partners. PLDT will reinvest a portion of the sale proceeds to acquire an approximate 20% interest in the divested businesses. The transaction is expected to close in the first quarter of 2013, subject to customary closing conditions.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong