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Asset Sale: Seller's Counsel

King & Wood Mallesons advises RBS on sale of Malaysian assets

05 May 2016

King & Wood Mallesons (KWM) has advised Royal Bank of Scotland Group Plc (RBS) on the sale of its assets in Malaysia to CTBC Financial Holding Co,. one of Taiwan's leading financial holding companies.

CTBC Financial has agreed to purchase a 100 percent stake in the Royal Bank of Scotland Berhad, a subsidiary of RBS for US$188 million. The acquisition will be completed through CTBC Financial’s two subsidiaries, the banking flagship CTBC Bank and its insurance arm Taiwan Life Insurance.

Clifford Chance advises on sale of the Isaac Plains Coal Project by Sumitomo Corporation and Vale

04 May 2016

Clifford Chance has advised Sumitomo Corporation on its sale with Vale of the Isaac Plains Coal Project in Queensland, Australia to Stanmore Coal.

Vale has held 50% of the project for some time, with Sumitomo Corporation buying the other 50% in 2012 for $430 million. Mining operations at the site of the project had recently ceased and the project is in care and maintenance.

Vinge advises Port of Gävle

03 May 2016

Vinge advises Port of Gävle in its privatization of terminal operations, including a transfer of Baltic Sea Gateway AB to Yilport. The transaction includes a subtantial concession och adds to Vinge's significant previous experience of this type on transactions in the port sector.

Vinge's team was lead by Fredrik Sonander and included amongts others associates Petronella Hallberg, Hampus Wikerstål and assistant Camilla Andersson.

Homburger advises Ball Corporation in connection with the carve-out and sale of metal beverage can assets

02 May 2016

On April 25, 2016, Ball Corporation (“Ball”) announced that Ball and Rexam PLC have entered into an agreement with Ardagh Group to sell select metal beverage can assets, support locations and functions in Europe, Brazil and the United States for approximately USD 3.42 bn in order to satisfy certain regulatory requirements in connection with the proposed acquisition of Rexam by Ball. Completion of the sale is subject to a number of conditions, including receipt of certain regulatory approvals and completion of the acquisition of Rexam PLC.

Firm Advises Ferrostaal on the Sale of its Automotive Business

29 Apr 2016

Simmons & Simmons has advised global industrial service provider Ferrostaal on the sale of its automotive business to Rhenus group.

The Ferrostaal Automotive GmbH is a vendor and technology-independent service provider for the automotive industry with subsidiaries in Germany, Spain, Belgium and Poland. Core competencies of the company are tailor-made solutions to both carmakers and the automotive supply industry such as the preassembly of modules, from simple to highly complex, as well as sequencing and steel logistics.

Ashurst advises Atlantis Resources on sale of interest in Scottish project portfolio to DEME Concessions and executes equity partnering agreement with Equitix

29 Apr 2016

Ashurst advised tidal wave power specialist Atlantis Resources Limited on the sale of a minority interest in its Scottish tidal development company Tidal Power Scotland Limited ("TPSL"), to Belgian offshore construction specialist DEME Concessions NV. The investment values TPSL at £100 million.

Vinge advises Carlson Hospitality Group in connection with the sale of Carlson Hotels

28 Apr 2016

Vinge advises Carlson Hospitality Group, Inc. (“Carlson”) in connection with the sale of Carlson Hotels, Inc. (“Carlson Hotels“) to HNA Tourism Group Co., Ltd. The sale includes Carlson Hotels’ majority stake of approximately 51.3 per cent of the shares in Rezidor Hotel Group AB (publ), a company listed on Nasdaq Stockholm. The transaction is, inter alia, subject to receipt of regulatory approvals and is expected to close during the second half of 2016.

Orrick Recognized for Advising Alstom in $13.5 Sale of Energy Businesses to GE

28 Apr 2016

The $13.5 billion acquisition of Alstom’s energy businesses by General Electric was awarded M&A Deal of the Year at the 2016 IFLR European Awards. An Orrick team in Paris, led by Jean-Pierre Martel and including Etienne Boursican, advised Alstom’s board in the transaction.

This is the second award the deal has won. Orrick was also recognized in the Financial Times’ 2015 Innovative Lawyers Report Europe for the innovative lawyering on the transaction.

Baker & McKenzie advised Walgreens Boots Alliance on sale of its local business in Russia

28 Apr 2016

Baker & McKenzie advised Walgreens Boots Alliance, the first global pharmacy-led, health and wellbeing enterprise, in connection with the sale of its local pharmaceutical wholesale business, Alliance Healthcare Russia, to leading Russian health and beauty retailer 36.6. Following completion, Walgreens Boots Alliance owns a 15% stake in the 36.6 group.

Gide advises Laureate Education on the sale of a group of French higher education institutions to Apax and Bpifrance

27 Apr 2016

Gide advises Laureate Education Inc. on the sale of five French higher education institutions, held via its French holding, Laureate International Universities France SAS (LIUF), to the investment fund Apax Partners. Bpifrance will co-invest alongside Apax and hold around 10% of the capital of LIUF.