Clifford Chance advises DP World on proposed US$2.6 billion acquisition of Economic Zones World FZE and proposed delisting from the London Stock Exchange

Wednesday, November 19, 2014

Clifford Chance is advising DP World Limited (DP World) on the proposed acquisition of Economic Zones World FZE (EZW) from Port and Free Zone World FZE (PFZW) for total cash consideration of US$2.6 billion, subject to certain adjustments, and its proposed delisting from the London Stock Exchange.

EZW is the holding company for the Jebel Ali Free Zone, a 57 square kilometre modern commercial and industrial logistics park adjacent to DP World’s flagship Jebel Ali port in Dubai. The free zone is considered an integral component of the supply chain for DP World’s customers at the Jebel Ali port. More >>

Tags:  Clifford Chance LLP | London

Ashurst advises on US$2.8 billion Donggi-Senoro LNG project

Wednesday, November 19, 2014

Ashurst has advised export credit agencies Japan Bank for International Cooperation (‘JBIC’), Korea Ex-Im Bank (‘KEXIM’), Nippon Export and Investment Insurance (‘NEXI’) and the commercial banks on the US$2.8 billion financing for the Donggi-Senoro LNG project in Indonesia, which signed on 14 November.

The lenders included JBIC, KEXIM, Mizuho Corporate Bank, Bank of Tokyo Mitsubishi, Sumitomo Mitsui Banking Corporation, Korea Exchange Bank and NongHyup Bank. More >>

Tags:  Ashurst | Hong Kong

Herbert Smith Freehills advises Huaneng Power on US$1.19 billion acquisition of Chinese power plants

Tuesday, November 18, 2014

Herbert Smith Freehills has advised Huaneng Power International Inc., one of China’s largest listed power producers, on its acquisition of equity interests in ten power plants in China for a total consideration of US$1.19 billion.

Beijing-based Huaneng Power is the listed unit of the mainland’s largest power producer, China Huaneng Group. The company is mainly engaged in developing, constructing, operating and managing large-scale power plants throughout China. More >>

Tags:  Herbert Smith Freehills Kramer LLP | Beijing | Hong Kong

Eversheds advises US based Chemtura Corporation on $1 billion sale of its agrochemicals business

Tuesday, November 18, 2014

Law firm Eversheds has acted as international counsel to Chemtura on the sale of its agrochemicals business Chemtura AgroSolutions, to Platform Specialty Products Corporation, a global specialty chemicals company. The sale consists of $950 million in cash and 2 million shares of Platform’s common stock.

The sale, which is a result of Chemtura’s objective to transform the business into a leading industrial chemicals specialist, completed on 3 November 2014. More >>

Tags:  Eversheds Sutherland | London

Dorsey & Whitney Represents Tri-State in $1.59 billion Debt Refinancing

Tuesday, November 18, 2014

International law firm Dorsey & Whitney LLP represented Tri-State Generation and Transmission Association, the not-for-profit wholesale power supplier to 44 member electric distribution cooperative and public power districts in Colorado, Nebraska, New Mexico and Wyoming, in a series of transactions completed earlier this month to refinance a portion of its debt. More >>

Tags:  Dorsey & Whitney LLP | Minneapolis | New York | Washington

Davis Polk Advises Baker Hughes on Its Combination with Halliburton

Tuesday, November 18, 2014

Davis Polk is advising Baker Hughes Incorporated on its acquisition by Halliburton Company in a stock-and-cash transaction, representing an equity value of $34.6 billion and enterprise value of $38.0 billion. Under the terms of the agreement, stockholders of Baker Hughes will receive, for each Baker Hughes share, a fixed exchange ratio of 1.12 Halliburton shares plus $19.00 in cash. The transaction, which is expected to close in the second half of 2015, is subject to approvals from each company’s stockholders, regulatory approvals and customary closing conditions. More >>

Tags:  Davis Polk & Wardwell LLP | New York

Clifford Chance advises Mitsubishi Corporation on its acquisition of Cermaq ASA

Tuesday, November 18, 2014

Leading international law firm Clifford Chance has advised Mitsubishi Corporation on its voluntary cash offer for the entire issued share capital of Cermaq ASA, a multinational fish farming group listed on the Oslo Stock Exchange. The acquisition, which is valued at approximately NOK8,880million (£838million) completed earlier in November. More >>

Tags:  Clifford Chance LLP | London | Paris | Tokyo | Warsaw | Washington