Clifford Chance advised ANZ on its agreement to sell its 20% stake in Shanghai Rural Commercial Bank (SRCB) to China COSCO Shipping Corporation Limited and Shanghai Sino-Poland Enterprise Management Development Corporation Limited.

The agreement will see COSCO and Sino-Poland Enterprise each acquire 10% of SRCB for a total consideration of RMB9.19 billion (approximately A$1.84 billion or US$1.32 billion).

The deal was led by China Co-Managing Partner Terence Foo and Corporate Partner Glen Ma who were supported by associates Jay Liang and Kenny Yu.

Charles Russell Speechlys has advised BGF (Business Growth Fund) on its investment in Virtual1, a London-based cloud and connectivity service provider.

Bird & Bird advised California-based venture capital company Rocketship.vc on its investment in Stocard, a German start-up company based in Mannheim. The company offers a free app that bundles the functions of different customer cards and can be used both online and at the checkout. The investment amount remains undisclosed but according to the founders of Stocard it amounts to ‘several millions’.

Houthoff Buruma as local counsel, jointly with Morrison Foerster, advised Tencent Holdings Ltd on a transaction whereby Tencent, together with Navinfo and Rocco Ventures, plans to buy a 10% stake in Netherlands-based HERE International B.V., the Open Location Platform company and a leading global online mapping and navigation provider.

Houthoff Buruma team included: Bram Caudri , Paul de Vries , Luke van de Laar

PKA, one of the largest labour market pension funds in Denmark, has today announced the sale of its 22.5% stake in the Butendiek offshore wind park located in the German North Sea. The buyers are a consortium consisting of Japanese ITOCHU Corporation, listed on the Tokyo Stock Exchange (ticker: 8001:Tokyo), and Chinese CITIC Pacific Limited. CITIC Pacific Limited is a subsidiary of CITIC Limited which is listed on the Hong Kong Stock Exchange (ticker: 0267:Hong Kong).

Danske Pensionskasser Investerer Milliarder I Havvindmoeller

Osborne Clarke has advised BFB Brandenburg Kapital GmbH, a 100%-subsidiary of the Investment Bank of the Land of Brandenburg (ILB), on its investment in Kinematics GmbH through early stage growth funds. Other investors include KOELBE Unternehmensbeteiligungen GmbH, gruenwald electronic GmbH, a business angel and an industrial robotics company as a strategic partner. The investment enables the Brandenburg-based company to further develop its robotic construction sets, strengthening its presence in the retail sale of toys and exploring international markets.

Bird & Bird's corporate team in Helsinki recently advised Finnish Visedo Oy, a Clean Tech company specializing in electric powertrains and components for commercial vehicles, heavy-duty machinery and marine industry, as it collected a financing package of EUR 20 million from existing and new investors.

Davis Polk advised the Caisse des dépôts et consignations, a French public sector financial institution, on its agreement with Veolia Environnement for the reorganization of shareholdings and Veolia’s withdrawal from Transdev Group, an international public transport group.

Under the terms of the agreement, CDC acquired 20% of Transdev’s capital for €220 million. Following this operation, CDC owns 70% of Transdev’s capital and has exclusive control, while Veolia is retaining 30% on a transitional basis.

CBH Compagnie Bancaire Helvétique SA acquires the international wealth management business of FIBI Bank (Switzerland) Ltd. The Completion of the transaction is subject to approval by the Swiss Financial Market Supervisory Authority FINMA and the transaction is expected to close in the first quarter of 2017.

Pestalozzi acted for CBH for all legal aspects of the transaction.

Belgian PE-firm Korys, owned by the renowned Colruyt family is investing in the Swedish renewal energy company Greenbyte AB. The retail Colruyt group employs over 29,000 employees.

Greenbyte has developed software for more effective and energy-efficient operations of wind and solar parks in 20 countries and offers a leading independent platform for the renewable energy industry. The investment will be used for accelerated international expansion with offerings for all types of renewable energy.