Trio of firms act on AB InBev's $1.6bn China beer sale
Sullivan & Cromwell, Freshfields Bruckhaus Deringer and Davis Polk & Wardwell are advising on the latest deal related to AB InBev's proposed SAB Miller merger
March 04, 2016 at 07:28 AM
2 minute read
Sullivan & Cromwell, Fresfields Bruckhaus Deringer and Davis Polk & Wardwell are advising on China Resource Beer's buyout of SABMiller's $1.6bn (£1.1bn) holding in subsidiary China Resources Snow Breweries.
The deal sees Anheuser-Busch InBev move a step closer to completing its £71bn takeover of SABMiller.
Davis Polk is advising China Resources Beer on the agreement with a team led by Hong Kong partner Paul Chow and Washington DC based Michael Sohn. The deal sees China Resources take over SABMiller's 49% stake in Snow Breweries.
AB InBev has turned to Sullivan & Cromwell as lead advisers on the sale. Hong Kong M&A partner Michael DeSombre is advising on the deal, alongside New York partner Francis Aquila and London-based corporate finance partner George White.
Freshfields Bruckhaus Deringer is providing competition law advice to AB InBev on the deal, while Fang Da is providing PRC law advice.
Lazard and Merrill Lynch International are acting as financial advisers to AB InBev on the deal.
AB Inbev has also turned to the magic circle firm for counsel on its proposed merger with UK rival SABMiller that would create a $275bn (£177bn) company.
Freshfields team on the deal is being led by Mark Rawlinson, London head of corporate Simon Marchant and antitrust partner John Davies.
Linklaters is advising SABMiller on that deal with a London team led by corporate partners Nick Rumsby and Charlie Jacobs. Brussels-based partner Gerwin Van Gerven is advising on competition issues.
Herbert Smith Freehills (HSF) is advising BevCo Ltd, the second largest shareholder in SABMiller.
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