Colin Ng & Partners LLP Advised China Resources Gas Group Limited on the Acquisition of US$238 Million of AEI China Gas Ltd

Colin Ng & Partners LLP (CNP) acted for China Resources Gas Group Limited as Singapore counsel advising on the due diligence and Singapore law aspects of the transaction documents. The work done was in connection with the acquisition of the entire share capital of AEI China Gas Ltd by Thousand Victory Investments Limited (a wholly-owned subsidiary of China Resources Gas Group Limited) from AEI Asia Ltd for a consideration of US$238 million.

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Tags:  CNPLaw LLP | Singapore

Clifford Chance Advises Chalieco on Its US$184 Million IPO

Leading international law firm Clifford Chance has advised China Aluminum International Engineering Corporation Limited (Chalieco) on its IPO which listed today. The company issued 363,160,000 H shares at HK$3.93 (US$0.51) each. The IPO raised approximately HK$1.427 billion (US$184 million). China International Capital Corporation Hong Kong Securities Limited and GF Securities (Hong Kong) Brokerage Limited acted as joint bookrunners.

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Tags:  Clifford Chance LLP | Beijing

Clifford Chance Advises Volkswagen AG on the Creation of the Integrated Automotive Group

Clifford Chance advises Volkswagen Aktiengesellschaft on the creation of the Integrated Automotive Group with Porsche Automobil Holding SE (Porsche SE) by contribution of the automotive business of Porsche SE to Volkswagen AG, with expected effect as from 1 August 2012. Volkswagen AG already holds an indirect stake of 49.9% in Dr. Ing. h.c. F. Porsche AG (Porsche AG). Once the transaction has been closed, Volkswagen will hold, through an intermediate holding company, all shares in Porsche AG. Porsche SE will receive a consideration of EUR 4.46 billion plus one ordinary share of Volkswagen AG.

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Tags:  Clifford Chance LLP

Katten Strengthens UK Real Estate Practice

Katten Muchin Rosenman UK LLP today announced a triple hire in its London Real Estate Team. The firm has recently hired Stephen John (special counsel) and Ranjeev Kumar (partner) from the London Office of US law firm Fried Frank, with Joe Payne (partner) being set to arrive shortly from the UK law firm of Field Fisher Waterhouse.

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Tags:  Katten Muchin Rosenman LLP

Shearman & Sterling Advises on € 300 million High Yield Bond Issue by Schaeffler Finance B.V.

Shearman & Sterling represented the initial purchasers Deutsche Bank, Barclays, Bayerische Landesbank and Citigroup on the offering by Schaeffler Finance B.V. of €300 million in high-yield bonds. The bonds are guaranteed by Schaeffler Aktiengesellschaft and certain of its subsidiaries and secured by certain assets of the Schaeffler group. The bonds were sold in a public offering in Germany and Luxembourg and in private placements in other European countries. In February of this year Shearman & Sterling also advised the initial purchasers in connection with Schaeffler’s issuance of approximately €2 billion in multi-currency high yield bonds.

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Tags:  Shearman & Sterling LLP