Asia Deal Digest: Kirkland Advises on Hong Kong SPAC, Market Propped Up by Mid-Level Debt Issuances
There has been a slowdown of blockbuster transactions in Asia, as the market is being propped by mid-tier transactions, particularly on debt issuances.
June 23, 2022 at 12:38 AM
10 minute read
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Hong Kong
Herbert Smith Freehills has advised BP on its investment in the proposed Asian Renewable Energy Hub (AREH), which aims to create one of the world's largest renewable energy plants in Australia.
Norton Rose Fulbright advised Hong Kong-based green hydrogen developer InterContinental Energy, one of the other main investors in the deal.
Subject to approvals from the Australian Foreign Investment Review Board, BP will acquire a 40.5% equity stake in the project and become the operating partner of the AREH. The stake is reportedly worth over $35 billion.
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Law Firms Mentioned
- Mayer Brown
- Herbert Smith Freehills LLP
- Sidley Austin
- Norton Rose Fulbright
- White & Case
- Harneys
- Linklaters
- McDermott Will & Emery
- Allen & Gledhill
- Skadden, Arps, Slate, Meagher & Flom LLP
- Kirkland & Ellis
- Arnold & Porter
- Sullivan & Cromwell LLP
- Jingtian & Gongcheng
- Freshfields Bruckhaus Deringer
- Clifford Chance
- Amarchand & Mangaldas & Suresh A Shroff & Co
- Allen & Overy
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