Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 16-11-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | Beijing Jingneng Clean Energy acquisition of Sichuan Dachuan Power | Industry: | Alternative Energy |
| Description: |
International law firm Freshfields Bruckhaus Deringer has advised Beijing Jingneng Clean Energy Co., Ltd. on its proposed acquisitions, from its controlling shareholder Beijing Energy Investment Holding Co., Ltd., of 100% equity interests in Sichuan Dachuan Power Co., Ltd. and Sichuan Zhongneng Power Co., Ltd., for a total consideration of approximately RMB1.84 billion (approximately US$295 million).
Hong Kong-listed Beijing Jingneng is a leading PRC state-owned clean energy company and currently operates a diversified clean energy portfolio including gas-fired power and heat energy, wind power and small to medium hydropower operation. Sichuan Dachuan and Sichuan Zhongneng operate hydropower plants in Sichuan Province and the proposed acquisitions are expected to help Beijing Jingneng strengthen its hydropower business.
The Freshfields deal team is led by Beijing corporate partner Richard Wang, supported by associates Jason Xu and David Yi as well as legal consultants Min Lu and Sabrina Ma.
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| Financial Center: | Beijing | Value: | 100.01-500.00 |
| Advised Party: | Acquiror | Law Firm | Freshfields Bruckhaus Deringer |
| Target Company Jurisdiction: | China | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Richard Wang |
