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Deal Date: 20-01-2015 Practice Area: Corporate and M&A
Deal Title: ITOCHU Corporation Investment in CITIC Limited Industry: Financial Services
Description:
Ashurst Hong Kong advised ITOCHU Corporation on a HKD80.3 billion (approximately USD10.4 billion) investment to acquire a 20% strategic stake in Hong Kong Stock Exchange listed CITIC Limited together with Charoen Pokphand Group (CP Group), and a three-way strategic co-operation agreement between ITOCHU, CP Group and CITIC. The Ashurst team was led by Hong Kong office managing partner Robert Ogilvy Watson.
Financial Center: Hong Kong Value: 1000.01-5000.00
Advised Party: Acquiror Law Firm
Target Company Jurisdiction: China Acquiror Jurisdiction: Japan
Classification: Strategic Buyer Acquisitions Public Company - Recommended Offer
Lawyer Robert Ogilvy Watson