Davis Polk advised Su Sih (BVI) Limited as the selling stockholder in connection with an SEC-registered secondary offering of 13,800,000 shares of TTM Technologies, Inc.’s common stock. The total net proceeds to the selling stockholder from the offering were approximately $152 million.
Norton Rose Fulbright has advised Total on its agreement signed on November 25, 2016 regarding the feasibility and, in case of positive final investment decision, the development and operation of an LNG import and re-gasification infrastructure project with a capacity of 3 million tons per year.
Linklaters is pleased to have advised China Yangtze Power Company Limited on the concurrent issuance of US$300,000,000 Zero Coupon Exchangeable Bonds and EUR 200,000,000 Zero Coupon Exchangeable Bonds.
“The innovative deal structure opens the door to a whole new asset class, which allows China incorporated companies to monetise their holdings of H-shares at a premium,” said capital markets partner Hwang Hwa Sim.
Linklaters is pleased to have advised China Yangtze Power Company Limited on the concurrent issuance of US$300,000,000 Zero Coupon Exchangeable Bonds and EUR 200,000,000 Zero Coupon Exchangeable Bonds.
“The innovative deal structure opens the door to a whole new asset class, which allows China incorporated companies to monetise their holdings of H-shares at a premium,” said capital markets partner Hwang Hwa Sim.
In its first major competition law decision since it began operations in September, the newly established Patent- and Market Court of Appeal on 24 November 2016 turned down the Swedish Competition Authority's request to block Danish pipe manufacturer Logstor's acquisition of Swedish Powerpipe. The judgment is an important precedent in the field of merger control and will have an impact in the years to come. It is the first judgment from an appeals court and the first judgment to go against the Swedish Competition Authority in merger control cases since 1998.
Linklaters has advised Rosneft on the sale of 20% ordinary shares in PJSC Verkhnechonskneftegaz, one of the largest producing subsidiaries of the Rosneft Group, to the Beijing Gas Group Co. The sale includes a related joint venture established for the purposes of further exploration of the Verkhnechonskoye field.
Shearman & Sterling is advising Golar Power in connection with the development of the Porto de Sergipe LNG-to-Power Project in Brazil.
Golar Power made a positive final investment decision in connection with the Porto de Sergipe LNG-to-Power Project on October 17, 2016. As a result, the project company (Celse) has entered into:
* a lump sum turn-key EPC agreement with General Electric to build, maintain and operate a 1.5 GW combined cycle power plant;
Next steps of the restructuring plan are the implementation in bondholder votings and the preparation of an insolvency plan in protective shield proceedings.
Norton Rose Fulbright has advised the Moroccan Agency for Sustainable Energy (Masen) on the NOOR PV I Programme which is part of Morocco's successful solar vision.
The NOOR PV I Programme, comprising three separate PV projects, NOOR Ouarzazate IV, NOOR Laâyoune and NOOR Boujdour, will have a combined capacity of 170MW. The projects have been financed by Masen with support from KfW (in respect of NOORo IV) and the proceeds of the first green bond issuance in Morocco. The private sector partner is ACWA Power, the leading Saudi-based electricity company.
King & Wood Mallesons (KWM) has advised Pantronics Holdings Limited (Pantronics, Stock Code: 1611) as its Hong Kong and PRC legal adviser on its HK$63.6 million initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The KWM team was led by Raymond Wong (Hong Kong law) and Pan Yujia (PRC law), supported by Sherman Chan, Pulcheria Chung and Jeffrey Chan (Hong Kong team), and Yao Tingting (PRC team).