The deal will see Shanghai-based China Grand Automotive buy a controlling stake in competitor Baoxin Auto.
December 16, 2015 at 12:07 AM
1 minute read
The original version of this story was published on Law.Com
Kirkland & Ellis is representing Shanghai-listed China Grand Automotive Co. Ltd. on a $1.4 billion proposed acquisition of controlling stakes in competitor Baoxin Auto Group.
China Grand agrees to pay $1.06 billion for a 54 percent stake in Hong Kong-listed Baoxin and retains the option to acquire up to an extra 21 percent stake in the company for another $340 million.
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