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Clifford Chance advises IHI plc on the acquisition of a stake in a luxury hotel and residences project in Moscow

06 Feb 2019
A team from Clifford Chance has advised IHI plc, owners of the Corinthia Hotels Group, on the acquisition related to the recently announced Corinthia Hotel & Residences project in Moscow.
IHI, in conjunction with a consortium of investors, has acquired the landmark property at 10, Tverskaya, Moscow’s principal avenue leading onto the Kremlin and Red Square. The property has a listed façade and houses the famous 19th century Filippov Bakery.
 
Further, permits in hand allow up to 43,000 sq. m.

WFW advises Chaarat on Kapan reverse takeover and debt financing

06 Feb 2019

Watson Farley & Williams (“WFW”) advised long-term client Chaarat Gold Holdings Ltd (“Chaarat”) on the acquisition and related financing by its subsidiary, Chaarat Gold International Limited, of Kapan Mining and Processing CJSC (“Kapan”), which owns a medium-sized polymetallic mine in the Republic of Armenia, from PMTL Holding Ltd (“Polymetal”), a subsidiary of Polymetal International plc.

 

Dentons advises Harrison Street Real Estate Capital on acquisition of 391-bed student housing development in Cardiff

05 Feb 2019
London—Dentons has advised Harrison Street Real Estate Capital on its acquisition of a student housing development in Howard Gardens, Cardiff, under its joint venture with Crosslane Student Developments Limited.
 
The 391-bed purpose-built student accommodation development, located at the northern end of Howard Gardens in Cardiff, is the fifth development under the joint venture.

DLA Piper advises Maxwell Technologies in its acquisition by Tesla

05 Feb 2019
DLA Piper advised Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy solutions, in the definitive agreement to be acquired by Tesla, Inc. (Nasdaq: TSLA). Tesla will commence an all stock exchange offer for all the issued and outstanding shares of the Maxwell, after which it will be merged with a Tesla subsidiary and become a wholly owned subsidiary of Tesla.
 
The offer will value each share of Maxwell common stock at US$4.75 per share.

Clifford Chance advising on US$114 billion bank merger between Abu Dhabi Commercial Bank and Union National Bank

05 Feb 2019
Clifford Chance is advising Union National Bank (UNB) in relation to their merger with Abu Dhabi Commercial Bank (ADCB) and their subsequent acquisition of Al Hilal Bank.
This transaction will create the third largest financial institution in the UAE and the fifth largest in the GCC, with assets of AED420 billion (US$114 billion).

Stonegate Completes £150 Million Senior Secured Notes Offering

05 Feb 2019

Simpson Thacher represented Stonegate Pub Company Financing plc, a wholly owned subsidiary of Stonegate Pub Company Limited (“Stonegate”), a TDR portfolio company, in connection with a Rule 144A and Regulation S offering of £150 million in aggregate principal amount of its new Floating Rate Senior Secured Notes due 2022. The transaction closed on February 4, 2019.

Hill Dickinson advises Golden Saint Technologies Limited on its reverse takeover and admission to the Main Market

05 Feb 2019

Hill Dickinson has recently advised Golden Saint Technologies Limited (LON: GST) (Golden Saint), an integrated information and communication technology infrastructure solutions provider, on the reverse takeover of EMS Wiring Systems PTE Ltd (EMS) and the admission of the enlarged group’s issued share capital to the standard segment of the main market of the London Stock Exchange PLC (Admission).