Baker McKenzie advised Morgan Advanced Materials plc on the sale of its Rotary business to the US-headquartered Moog Inc. The Rotary business is managed by Morgan REKOFA GmbH, a German subsidiary with a branch in France.

"With this transaction, our client can simplify its portfolio according to its strategic objectives and focus more on its technology businesses of scale," commented Dr. Barbara Deilmann of Baker McKenzie, who was responsible for the transaction.

Ashurst has advised Crown Resorts Limited ('Crown') in the sale of 198 million shares in Melco Crown Entertainment ('MCE') to Melco International Development Limited ('Melco') that will generate proceeds of approximately A$1.9 billion for the company.

The 198 million MCE shares (equivalent to 66 million MCE American Depository Shares (ADSs) or 13.4% of MCE shares outstanding) were sold to Melco Leisure and Entertainment Group Limited, a subsidiary of Melco.

The transaction closed on 16 February 2017, and has reduced Crown's shareholding to 11.2% of MCE shares.

Canadian energy infrastructure company Enbridge and German utilities company EnBW to build a North Sea wind park with 71 wind turbines

Allen & Overy and Trilegal have advised JERA Co., Inc. (JERA), on its acquisition of a 10% equity stake in ReNew Power Ventures Private Limited (ReNew Power), one of India’s largest renewable energy companies.

The Taiwanese control manufacturer Techmation Co. Ltd. ("Techmation"), Taipei/Taiwan, has signed an Investment Agreement with the management board of PA Power Automation AG with regard to a significant participation. As part of a capital increase against cash contribution and excluding the subscription rights of the shareholders, Techmation will subscribe 1,278,469 new shares of PA Power Automation AG at a nominal value of around EUR 2.56 per share via its Luxembourg subsidiary Tech Euro S.a.r.l.. With a participation of 19.88 percent Tech Euro S.a.r.l.

King & Wood Mallesons (KWM) has advised Auswide Bank Ltd in relation to its increased equity stake in P2P lender, MoneyPlace. 

Auswide Bank first made a cornerstone investment in MoneyPlace in January 2016, while also committing funding to the Melbourne-based P2P lender’s consumer lending program.

The KWM team was led by Brisbane-based Partner Rhys Casey, supported by solicitors Akshay Naran and Mitch Fairbairn.

Muscat—Dentons advised Al Anwar Holdings SAOG on the sale of 20.35% of its shareholding in Falcon Insurance Company SAOC (FIC) for a consideration of OMR 1.876 per share to Arabia Insurance Company S.A.L's (AIC) affiliates, namely Arabia S.A.L. and Lawrence Investment LLC (Under Formation). The transaction also involved a simultaneous acquisition of the business, assets and liabilities of AIC's Oman branch by FIC, and Dentons also advised on the business transfer agreement.

Debevoise & Plimpton LLP has advised Universal Cargo Logistics Holding (UCL Holding) in a division of the shipbuilding and shipping business of Volgo-Balt Transport Holding (VBTH) with its minority shareholders, whereby the river cruise business of VBTH (Vodokhod group) was taken over by the minority shareholders and UCL Holding consolidated 100% of VBTH, which has retained control of all of the shipbuilding and water cargo transportation assets.

Herbert Smith Freehills has advised China's Silk Road Fund on the successful completion of its investment in major Russian petrochemical company Sibur.

Lawyers from the firm's Beijing, Hong Kong, Moscow and Tokyo offices advised the fund on its acquisition of a 10% stake in Sibur from Leonid Mikhelson, chairman of the company's board and a major shareholder of Sibur Holding.

Slaughter and May (Hong Kong) is advising PCCW Limited (PCCW) on the sale of an approximate 11.10% shareholding in HKT Limited (HKT). Both PCCW and HKT are listed on the Main Board of the Hong Kong Stock Exchange. The disposal is being effected by way of a placing, with Goldman Sachs (Asia) L.L.C. acting as placing agent. Following completion of the placing, PCCW will continue to hold an approximate 51.97% majority stake in HKT. The gross proceeds of the placing will, if completed, amount to approximately HK$8.534 billion.