Asia Deal Digest: October 2019
• White & Case represents U.S.-based Sempra Energy on two deals worth a combined $5.8 billion to Chinese companies. • Davis Polk, Debevoise on a $3 billion Japanese outbound aircrafting leasing deal. • Latham, Allen & Overy and White & Case on a $1.6 billion Thai IPO.
October 28, 2019 at 03:03 PM
8 minute read
Asia Deal Digest, published periodically, is a compilation of some of the largest deals carried out in Asia and Australia.
China/Hong Kong
• Baker McKenzie Chicago partners Lewis Popoff, Hugo Dubovoy and José Morán are advising Beijing-based China Yangtze Power Co., a subsidiary of state-owned energy company China Three Gorges Corp., on a $3.6 billion acquisition from U.S.-based Sempra Energy for an 83.6% stake in Luz del Sur S.A.A., the largest listed power company on the Lima Stock Exchange. Tian Yuan Law Firm Beijing partners Chai Jie, Wang Lihua and Yin Xiong are advising on Chinese law and Peru-based Muñiz, Olaya, Meléndez, Castro, Ono & Herrera partner Andres Kuan-Veng is serving as Peruvian counsel. The transaction is expected to be completed in the first quarter of 2020, subject to approval by the Peruvian antitrust authority and Bermuda's financial services regulator. White & Case New York partners Thomas Lauria and Marwan Azzi are leading a team advising Sempra. [Read Full Story]
• Paul, Weiss, Rifkind, Wharton & Garrison partners Judie Ng Shortell in Beijing and Mark Bergman in London are advising Chinese utility giant State Grid International Development Ltd. on a $2.2 billion acquisition from U.S.-based Sempra Energy of Chilquinta Energía S.A., the third-largest electricity distributor in Chile. The transaction is expected to be completed in the first quarter of 2020, subject to approval by the Chilean antitrust authority and Bermuda's financial services regulator. White & Case New York partners Thomas Lauria and Marwan Azzi are leading a team advising Sempra. [Read Full Story]
• Paul Weiss Hong Kong partner Betty Yap is representing Beijing-based Wumei Technology Group, which operates the Wumart supermarket chain in China, on a $2.1 billion acquisition of German wholesaler Metro AG's 23-year-old Chinese operations, Metro China. Wumei is being advised by German firm Noerr partners Alexander Hirsch in Düsseldorf, Till Kosche in Frankfurt and Tibor Fedke in Berlin on German law and JunHe on Chinese law. The transaction is expected to be completed by the second quarter of next year, following Chinese government and regulatory approvals. Baker McKenzie partners Howard Wu in Shanghai and Ingo Strauss in Düsseldorf are advising Metro. [Read Full Story]
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Law Firms Mentioned
- Ashurst
- Baker McKenzie
- Clayton Utz
- Cleary Gottlieb Steen
- Clifford Chance
- DLA Piper
- Davis Polk Wardwell
- Eversheds Sutherland
- Freshfields Bruckhaus Deringer
- Goodwin Procter
- Hogan Lovells
- Meyers Roman Friedberg And Amp; Lewis
- Norton Rose Fulbright
- Paul Weiss Rifkind
- Pinsent Masons
- Skadden, Arps, Slate, Meagher & Flom LLP
- Stephenson Harwood
- Tian Yuan Law Firm
- Wilson, Sonsini, Goodrich, Rosati
- Zhonglun W&D Law Firm
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