Baker & McKenzie recently advised Danone Asia Pte Limited (“Danone”) on the sale of its 22.98 percent shareholding in HKEX-listed China Huiyuan Juice Group Limited to SAIF Partners, a Hong Kong-based private equity firm, for approximately €200 million.
The sale is line with Danone’s strategy to focus the activities of its water division on natural mineral and spring-water beverages. Danone operates 20 factories and employs 9000 people in China across its four divisions – fresh dairy products, water, baby nutrition and medical nutrition.
The multi-disciplinary Baker & McKenzie team was led by M&A and securities partner Elsa Chan and involved lawyers from the M&A, corporate, securities, tax, antitrust and competition practice groups.
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