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M&A: Seller's Counsel

Dentons advises shareholders of Russia’s National Container Company on US$1.6 billion sale to LSE-listed Russian ports operator Global Ports

05 Sep 2013

Dentons is advising the shareholders of NCC Group Limited, a major container terminals operator in Russia, on the sale of 100% of NCC Group’s shares to LSE-listed Russian ports operator Global Ports, for a cash consideration of US$291 million and new shares representing approximately 18% of the enlarged share capital of Global Ports to be issued to the sellers, of which 50% will be in the form of GDRs and 50% will be non-voting shares.

Dentsu Aegis Network - disposal of Aztec

05 Sep 2013

Slaughter and May advised Dentsu Aegis Network Limited, one of the world's leading marketing communications groups, on the sale of its scan data services business, Aztec, to Information Resources, Inc.

Aztec provides scan-data and other services to consumer packaged goods retailers and manufacturers and has operations in the UK, Australia, Sweden, South Africa, New Zealand, Canada and Hong Kong.

The disposal of Aztec was signed and completed on 3 September 2013.

CONTACTS

Vodafone - agreement to dispose of its US group whose principal asset is its 45% interest in Verizon Wireless

04 Sep 2013

Slaughter and May is advising Vodafone on an agreement to dispose of its US group whose principal asset is its 45% interest in Verizon Wireless ('VZW') to Verizon Communications Inc. ('Verizon'), Vodafone's joint venture partner, for a total consideration of US$130 billion (£84 billion).

Shoosmiths advises on Provexis demerger

03 Sep 2013

Corporate specialists at Shoosmiths have advised Provexis, the sports nutrition and life science group, on the demerger of its Science in Sport division.

Science in Sport (SiS), which manufactures and sells sports nutrition products, has been independently listed on AIM and officially joined the AIM growth market on 9 August. Shareholders in Provexis have received, for every 100 ordinary shares, one new ordinary share in Science in Sport plc.

Allen & Overy Advises ING on USD1.7bn Sale of Korean Life Insurance Business to MBK Partners

02 Sep 2013

Allen & Overy has advised ING Group on the KRW1.84 trillion (approximately USD1.7bn) sale of its South Korean life insurance business, ING Life Korea, to private equity firm MBK Partners, South Korea’s largest private equity group.

This will be South Korea’s largest ever insurance transaction.

Shearman & Sterling Represents Special Committee of the Board of Directors of Simcere Pharmaceutical Group in Going-Private Transaction

02 Sep 2013

Shearman & Sterling is serving as U.S. legal advisor to the Special Committee of the Board of Directors of Simcere Pharmaceutical Group (“Simcere”) in connection with Simcere’s going-private transaction which values Simcere’s equity at approximately US$539.5 million.

Herbert Smith Freehills advises Catalyst on the NZ$350 million sale of the EziBuy Group to Woolworths

30 Aug 2013

Herbert Smith Freehills is advising Catalyst Investment Managers and the founder and management shareholders of EziBuy in connection with the sale of the EziBuy Group to Woolworths, EziBuy is a leading multi-channel retailer of apparel and home décor in Australia and New Zealand.

A sale agreement has been executed, pursuant to which entities owned by Woolworths will purchase 100% of EziBuy in a deal valued at NZ$350 million.

Paul Hastings Advises CIMC on Acquisition of Pteris

29 Aug 2013

Hong Kong (August 29, 2013) - Paul Hastings, a leading global law firm, announced today that it advised China International Marine Containers (Group) Co. Ltd. (“CIMC”) on its wholly-owned subsidiary, China International Marine Containers (Hong Kong) Ltd. (“CIMC Hong Kong”) entering into a sale and purchase agreement (the “SPA”) with the Singapore-listed Pteris Global Limited (“Pteris”) on July 29, 2013, pursuant to which CIMC Hong Kong will sell the 70% equity interests in Shenzhen CIMC-TianDa Airport Support Ltd.