Watson Farley & Williams (“WFW”) advised Westermost Rough Ltd (“WMR”), a joint venture between DONG Energy A/S and the UK Green Investment Bank plc and Marubeni Corporation, on the sale of transmission assets valued at approximately £157m to TC Westermost Rough OFTO Limited (“TCP”), owned by a consortium comprising Transmission Capital Partners LP and International Public Partnerships Limited. The divestment took place pursuant to the Offshore Transmission Owner (“OFTO”) regime.

Slaughter and May is advising Tata Steel UK on the sale of the Clydebridge and Dalzell steel facilities in Scotland. The deal involves the sale of the two plants to the Scottish government, which has agreed to sell them on to the metals group, Liberty House. The deal follows the mothballing of the two plants at the end of 2015 and opens the possibility of a resumption of steel processing in Scotland.

Slaughter and May is working alongside Brodies LLP, who are advising on matters relating to Scottish law.

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Arise AB has sold the wind farm Solberg in Örnsköldsvik municipality in northern Sweden to Fortum Generation AB. The ready for construction wind farm has a total effect of 75 MW.

Setterwalls assisted Arise. Setterwalls’ team was headed by Jonas Frii with assistance of Elin Hjort.

Norton Rose Fulbright has advised Renhe Commercial Holdings Limited on its disposal of a property portfolio with an aggregate net asset value of RMB20 billion (US$3 billion).

The portfolio involves 44 underground shopping malls across 24 cities in the People’s Republic of China and constitutes a “Very Substantial Disposal” for Renhe Commercial under the listing rules.

Osborne Clarke has advised main market listed Tribal Group plc on a Rights Issue and Disposal to raise a total of £41m.

Olswang has advised long-standing client InfraRed Capital Partners on the £38.4 million sale of Liverpool’s Clayton Square Shopping Centre to Rockspring’s UK Value 2 Fund. Located in central Liverpool, between Liverpool Lime Street and Liverpool Central Station, Clayton Square is 140,193 square feet with 17 retail units.

Simmons & Simmons has advised New York based asset manager Ramius Advisors on the disposal of various rights for additional compensation resulting from squeeze-outs and other special situations following public takeovers in German issuers to another funds.

Ramius Advisors is a global alternative investment management business.

The cross-border asset management and team at Simmons & Simmons was led by m&a and equity capital markets partner, Stephan Ulrich, assisted by managing associate Patrick Boyd and supervising associate Matthias von Holten.

Freshfields Bruckhaus Deringer has advised CITIC Limited (CITIC) on the sale of its Chinese residential property assets to China Overseas Land & Investment Limited (China Overseas).

Upon completion of the transaction, CITIC will hold approximately 10% of the entire issued share capital of China Overseas and certain assets owned by China Overseas. The transaction is estimated to be approximately RMB31bn (US$4.8bn) in value.

The transaction remains subject to shareholder and regulatory approvals.

The Clifford Chance Prague Corporate team has advised ASSA ABLOY, the international market leader in door opening solutions operating in more than 70 countries, on the successful conclusion of an agreement for the sale of their global car lock business to ALPHA Corporation, a Japanese manufacturer of lock and key products for the automobile, housing and industrial sectors.

Slaughter and May is advising Oddo & Cie, which recently acquired BHF Kleinwort Benson Group, on the disposal of the Kleinwort Benson wealth management business in the UK and Channel Islands to Société Générale.

Subject to regulatory approvals, Kleinwort Benson will be combined with Société Générale Private Banking Hambros to create one of the leading private banks in the UK.

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