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King & Wood Mallesons advises China General Nuclear Power Corporation on its overseas issuance of multi-currency bond issuance

05 Jan 2018

King & Wood Mallesons (KWM) advised China General Nuclear Power Corporation (CGN) as its international and PRC counsel on its EUR500 million seven-year euro-denominated green bonds and USD900 million US dollar-denominated debt with multi-period in the Irish and Hong Kong Stock Exchange respectively (the “Bonds”). The bonds are issued by CGNPC International Limited, a wholly-owned subsidiary company of CGN and unconditionally guaranteed by CGN. The complex multi-currency transaction with several periods in two regions, is rarely seen in the market.

King & Wood Mallesons advises China General Nuclear Power Corporation on its overseas issuance of multi-currency bond issuance

05 Jan 2018

King & Wood Mallesons (KWM) advised China General Nuclear Power Corporation (CGN) as its international and PRC counsel on its EUR500 million seven-year euro-denominated green bonds and USD900 million US dollar-denominated debt with multi-period in the Irish and Hong Kong Stock Exchange respectively (the “Bonds”). The bonds are issued by CGNPC International Limited, a wholly-owned subsidiary company of CGN and unconditionally guaranteed by CGN. The complex multi-currency transaction with several periods in two regions, is rarely seen in the market.

WFW advises PNE WIND AG on sale of minority stake in 142 MW wind farm portfolio to Allianz Renewable Energy Fund II

05 Jan 2018

Watson Farley & Williams (“WFW“) advised PNE WIND AG (“PNE“) on the sale of its remaining 20%  stake in a 142 MW wind farm portfolio to Allianz Renewable Energy Fund II (“AREF II”), an investment fund managed by Allianz Global Investors GmbH, for €23m. PNE remains responsible for the technical, commercial and operational management of the wind farms in the portfolio.

Agrium and PotashCorp Complete Merger, Creating $36 Billion Company

05 Jan 2018

Paul, Weiss represented Canadian agricultural products and services giant Agrium Inc. in its $36 billion merger of equals with Potash Corporation of Saskatchewan. The merger establishes a new parent company named Nutrien Ltd., which will be the world’s premier provider of crop inputs and services, employing more than 20,000 people across operations in 14 countries.

DLA Piper advises alstria office on the sale of an office building in Frankfurt to Cresco Capital

05 Jan 2018

DLA Piper has advised the commercial REIT alstria office on the sale of an office and business property to Cresco Capital Group, with the purchase price amounting to €44 million. The building, which is located at Eschenheimer Landstrasse 55 in Frankfurt, is let for a remaining period of two years and generates annual revenues of approximately €1.6 million. Alstria expects the transaction to reach its conclusion in the first quarter of 2018.

Slaughter and May advised Marks & Spencer on the sale and franchise of its retail business in Hong Kong and Macau to Al-Futtaim

05 Jan 2018

Slaughter and May advised Marks & Spencer (M&S) on the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner, Al-Futtaim. The sale, which completed on 30 December 2017, sees Al-Futtaim become the new sole franchisee for M&S in Hong Kong and Macau.

The sale follows M&S’s strategic review of its international business in November 2016, where M&S proposed to have a greater focus on its established franchise and joint venture partnerships and operate with fewer wholly-owned markets.

White & Case Jointly Advises Nomura International on Geely's Acquisition of Cevian Capital's Stake in AB Volvo

05 Jan 2018

Global law firm White & Case LLP has jointly advised Nomura International plc on Zhejiang Geely Holding Group's (Geely) acquisition of the activist fund Cevian Capital's entire shareholding in AB Volvo, the leading global manufacturer of trucks and the largest listed company in Sweden.

Linklaters advises on one of the largest ever real estate portfolio transactions in Poland

05 Jan 2018

Linklaters has advised Chariot Top Group, a company represented by Griffin Real Estate, on a real estate portfolio acquisition comprising 28 shopping centres located across Poland from A-R-A Retail Centres, owned by a consortium formed by Ares Management L.P., AXA Investment Managers - Real Assets and Apollo Rida, and on the subsequent resale of 12 properties from this portfolio to Echo Polska Properties. This transaction has been widely acknowledged to be one of the largest real estate deals signed in 2017 in the CEE region (closing took place on 4 January 2018).

Willkie Advises Permira Credit Solutions III G.P. Limited on Technogroup IT-Service Financing

05 Jan 2018

The financing was extended by funds advised by Permira Debt Managers, one of Europe's leading specialist debt investors.

Willkie client Permira Credit Solutions III G.P. Limited, advised by Permira Debt Managers, financed the acquisition of Technogroup IT-Service by Vitruvian Partners.

Founded in 1990, Technogroup offers third party maintenances services for IT systems in data centers, in particular insurance-like technology maintenance services. Technogroup serves over 4,000 customers across Germany, Austria and Switzerland.

Shearman & Sterling Advises Liberty Global on Its Split-Off of Liberty Latin America

05 Jan 2018

Shearman & Sterling advised Liberty Global plc on the completed split-off of Liberty Latin America Ltd. Liberty Latin America comprises Liberty Global’s operations in Latin America and the Caribbean that were attributed to its “LiLAC Group” tracking shares and has an enterprise value of approximately $9.3 billion.