Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 06-01-2017 | Practice Area: | Corporate and M&A |
| Deal Title: | ANZ Sale of Stake in Shanghai Rural Commercial Bank | Industry: | Banks |
| Description: |
Clifford Chance advised ANZ on its agreement to sell its 20% stake in Shanghai Rural Commercial Bank to China COSCO Shipping Corporation Limited and Shanghai Sino-Poland Enterprise Management Development Corporation Limited.
The agreement saw COSCO and Sino-Poland Enterprise each acquire 10% of SRCB for a total consideration of RMB9.19 billion (approximately AD1.84 billion or USD1.32 billion).
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| Financial Center: | Beijing | Value: | 1000.01-5000.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | China | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Terence Foo |
