Loyens & Loeff advised Norsk Hydro ASA, a Norwegian aluminium company, on the acquisition of a 53% stake in Aluminium & Chemie Rotterdam B.V. from Rio Tinto (as part of a larger transaction also including the acquisition of Icelandic aluminium plant Rio Tinto Iceland Ltd and 50% in Swedish aluminium fluoride plant Alufluor AB).
An Orrick team in Paris is advising the Republic of Serbia on the 25-year concession for the expansion, operation and maintenance of Belgrade’s Nikola Tesla airport. The Belgrade airport is the largest airport in the Balkans, with 5.3 million passengers in 2017, and will become a regional hub.
Matheson advised UK headquartered private equity fund STAR Capital Partners on its acquisition of Irish logistics business, GSLS, from its majority owner Carlyle Cardinal Ireland. GSLS provides business critical secure logistics services to Ireland’s largest banks, other financial institutions, and customers in the retail and hospitality sector across Ireland, with offices in Dublin and Limerick and employs more than 200 people.
Brian McCloskey, Corporate M&A Partner at Matheson said:
Milbank, Tweed, Hadley & McCloy LLP represented PT Supreme Energy Rantau Dedap (SERD) in connection with the development and financing of a geothermal facility in the Rantau Dedap geothermal working area in south Sumatra, Indonesia, with a gross capacity of 98.4 MW. SERD is a joint venture owned by French utility company ENGIE, Japan’s Marubeni Corporation and Indonesian geothermal energy producer PT Supreme Energy.
Milbank, Tweed, Hadley & McCloy LLP represented PT Supreme Energy Rantau Dedap (SERD) in connection with the development and financing of a geothermal facility in the Rantau Dedap geothermal working area in south Sumatra, Indonesia, with a gross capacity of 98.4 MW. SERD is a joint venture owned by French utility company ENGIE, Japan’s Marubeni Corporation and Indonesian geothermal energy producer PT Supreme Energy.
Accolade is the largest producer of Australian wine and the fifth largest wine company in the world. It can trace its wine-making history back to 1853, and remains the owner of an historic portfolio of brands including Hardys, Grant Burge and Houghton. Accolade Wines delivers over 35 million cases to more than 140 countries each year.
The deal sees Carlyle acquire both CHAMP's 80 per cent stake in Accolade and the 20 per cent minority interest held by US liquor company Constellation Brands, Inc.
Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by iQIYI, Inc. of 125,000,000 American Depositary Shares, each representing seven Class A ordinary shares, for total proceeds of $2.25 billion. iQIYI has granted the underwriters an option to purchase up to an additional 18,750,000 ADSs. The ADSs are listed on NASDAQ under the symbol “IQ.”
Baker McKenzie has advised Claranova on the signing of an agreement to takeover a group of three companies with the aim of strengthening its Internet activity, which is currently run by its Avanquest division.
Based in Canada, this group of companies from the IT sector is present in most countries and focuses on the following three areas of activity:
E-commerce processing through Upclick, one of the world’s most modern platforms;
Addleshaw Goddard, together with Bedell Cristin, advise UPP Group (UPP) in connection with its conversion to a UK Real Estate Investment Trust (REIT) listed on The International Stock Exchange (TISE).
UPP, a long-standing client of Addleshaw Goddard and Bedell Cristin and a provider of on-campus student accommodation infrastructure and support services in the UK, has converted to a REIT effective from 1 March 2018.
Ashurst has advised Massader for Natural Resources and Infrastructure Development Co, the energy and infrastructure arm of the Palestine Investment Fund ("PIF"), on the sale and purchase arrangements relating to the restructuring of rights in the development licence for the Gaza Marine gas field, located 30km off the coast of the Gaza Strip.