Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 07-02-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | Daimler AG investment in BAIC Motor | Industry: | Automobiles & Parts |
| Description: |
Clifford Chance has advised BAIC Motor, Beijing Automotive Group's passenger car unit, on the acquisition of a 12% stake by Daimler AG. The investment will be through the issuance of new shares and is subject to approval by the Chinese government. The deal represents the first time that a non-Chinese car company has taken a stake in a Chinese OEM (original equipment manufacturer) car manufacturer.
Tim Wang was assisted by counsel Wei He, senior associate Paula Liu and associate Paul Tang.
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| Financial Center: | Beijing | Value: | 0.00-0.00 |
| Advised Party: | Acquiror | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | China | Acquiror Jurisdiction: | Germany |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Tim Wang |
