CMS Advises Telefónica Deutschland on the Largest IPO in Germany in the Last Five Years

CMS has advised Telefónica Deutschland Holding AG on its IPO on the Frankfurt Stock Exchange and sale of shares by Telefónica S.A which priced today. The gross issue proceeds from the sale of the shares placed amounts to EUR 1,260 million. If the greenshoe option is fully exercised, the gross issue proceeds will increase to up to EUR 1,449 million. This is the largest flotation in Germany within the last five years.

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Tags:  CMS | Germany

Jonathan Feld Joins Dykema in Chicago

Dykema today announced that Jonathan S. Feld has joined as a member in its Business Litigation practice group. Feld will be resident in the Firm’s Chicago office, but will spend considerable time in Dykema’s Washington, D.C. office. Prior to joining Dykema, Feld was a partner with Katten Muchin Rosenman LLP.

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Tags:  Dykema Gossett PLLC

Paul Hastings Represents Franshion Properties on Issuance of US$500 Million Guaranteed Notes

Paul Hastings, a leading global law firm, announced today that it advised Franshion Properties (China) Limited (“Franshion Properties”), a Hong Kong-listed PRC property company and subsidiary of state-owned Sinochem Corporation, on its US$500 million U.S. bond offering. The Royal Bank of Scotland, Deutsche Bank, J.P. Morgan Securities and Standard Chartered Bank were the joint lead managers on the deal.

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Tags:  Paul Hastings, LLP | Hong Kong