Mayer Brown announced today that it advised Altice N.V. and Altice USA Inc. as US tax and structuring counsel in its spin-off of Altice USA Inc. and group reorganization of Altice Europe. The separation and reorganization will enable each business to focus more on the distinct opportunities for value creation in their respective markets and ensure greater transparency for investors.

The Mayer Brown team included Tax Transactions & Consulting partners Jason Bazar (New York), Laurent Borey (Paris) and Jim Barry (Chicago), and associate Lucas Giardelli (New York).

Clifford Chance advised ABN AMRO on its successful restructuring of business divisions ABN AMRO Lease and ABN AMRO Commercial Finance into one division with the name ABN AMRO Asset Based Finance. The restructuring consisted of four mergers, of which two mergers were cross-border mergers, and CC advised on Corporate, Regulatory and Employment matters. The restructuring was successfully completed on 1 January 2018.

Shearman & Sterling is advising Tele2 on the U.S. aspects of its proposed approximately $3.3 billion merger with Com Hem.

Slaughter and May advised Yuanta Commercial Bank Co., Ltd (YCB) on the Hong Kong regulatory aspects of its merger with Ta Chong Bank Ltd (TCB).

YCB and TCB, both incorporated in Taiwan, merged pursuant to a statutory merger under Taiwan law, with YCB being the surviving entity. The Taiwan merger was recognised in Hong Kong under the doctrine of universal succession.

Clifford Chance advised Tele2 on its agreement with Deutsche Telekom to combine Tele2 Netherlands and T-Mobile Netherlands. Tele2 will hold a 25% share in the combined company and receive a cash payment of EUR 190 million upon closing. Based on current numbers, the company will have around 5 million mobile pre- and post-paid customers, combined revenues of around EUR 2 billion. The establishment of the combined company is subject to regulatory approval by the relevant competition authorities. The transaction is therefore expected to close in the second half of 2018.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the independent directors of the Board of Directors of Altice USA Inc. in connection with its separation from Altice NV, which will now be renamed Altice Europe.

Shearman & Sterling is advising Altice USA (NYSE: ATUS) on the announced separation of Altice USA from Altice N.V. (Euronext: ATC, ATCB). The separation will enable each business to focus more on their distinct opportunities for value creation and ensure more transparency for investors.

Clifford Chance advised ABN AMRO on its successful restructuring of business divisions ABN AMRO Lease and ABN AMRO Commercial Finance into one division with the name ABN AMRO Asset Based Finance. The restructuring consisted of four mergers, of which two mergers were cross-border mergers, and CC advised on Corporate, Regulatory and Employment matters. The restructuring was successfully completed on 1 January 2018.

Shearman & Sterling is advising Tele2 on the U.S. aspects of its proposed approximately $3.3 billion merger with Com Hem.

Slaughter and May advised Yuanta Commercial Bank Co., Ltd (YCB) on the Hong Kong regulatory aspects of its merger with Ta Chong Bank Ltd (TCB).

YCB and TCB, both incorporated in Taiwan, merged pursuant to a statutory merger under Taiwan law, with YCB being the surviving entity. The Taiwan merger was recognised in Hong Kong under the doctrine of universal succession.