Herbert Smith has recently advised China Shenhua Energy Company Limited on the acquisition of various mining companies and assets from its controlling shareholder Shenhua Group Company Limited. The total consideration for these transactions was approximately RMB8, 702,159,322 (US$1.3 billion).
China Shenhua is China’s biggest coal producer and one of the largest listed coal producers worldwide. The move is set to support a significant increase in coal production over the coming year to match China’s ever-increasing energy demands.
The Herbert Smith team was led by Beijing corporate partner Tom Chau, assisted by senior associate Victor Pang.
Tom Chau commented:
“We are pleased to have been involved in this acquisition. The successful close is a further demonstration of our strong competence in M&A transactions. We value our long-standing and strong relationship with Shenhua, which included advising China Shenhua Energy Company Limited on its HK$23 billion initial public offering in 2005.”
China International Capital Corporation Hong Kong Securities Limited and Deutsche Bank AG, Hong Kong Branch were Joint Financial Advisers to the company; China International Capital Corporation Limited and Zhong De Securities Co., Ltd were the Joint PRC Financial Advisers to the company. China Merchants Securities (HK) Co., Ltd was the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders. DeHeng Law Office acted as PRC counsel to China Shenhua Energy Company Limited.
Related Posts:
- None Found