| Ali Budiardjo, Nugroho, Reksodiputro has advised Korean retail giant Lotte Shopping Co Ltd on its successful US$300 million acquisition of the entire share capital of PT MAKRO Indonesia. The firm also acted for International Finance Corp in the preceding divestiture of its minority stake in PT MAKRO Indonesia. Partners Ernst G Tehuteru and Woody Pananto led on the transaction. AZB & Partners assisted Societe BIC through its associate company, BIC Clichy, in acquiring 40 percent of the shareholding of the Cello Group entities. The firm was involved in conducting legal due diligence, drafting and finalizing all transaction documents. Nohid Nooreyezdan acted as lead partner on the transaction. Cleary Gottlieb represented Bank of America in its sale of 5.6 billion H shares with a market value of approximately US$2.8 billion in China Construction Bank Corp. The sale was launched and completed through an accelerated bookbuilding process before the start of trading in Hong Kong. Lead partners on the transaction included Jack Murphy in Washington DC, Paul Shim in New York, Filip Moerman in Beijing and Megan Tang in Hong Kong. Cleary Gottlieb represented Credit Suisse, Deutsche Bank and The Hong Kong and Shanghai Banking Corp as underwriters in a US-registered offering by the Republic of the Philippines of US$1.5 billion of 8.375 percent global bonds due 2019. The transaction marked the first offering by an Asian sovereign in 2009. Hong Kong-based partner Yong Lee led the advisory team. DLA Piper has advised Datang Telecom Technology & Industry Holdings Co Ltd in its acquisition of a US $171.8 million stake in Semiconductor Manufacturing International Corp . Dr Liu Wei, Beijing office managing and client relationship partner, and Stephen Liu, partner from the Beijing office, led the deal, providing multi-department and multi-jurisdictional support. Freshfields Bruckhaus Deringer LLP has advised Anheuser-Busch Inbev on the sale of its 19.99 percent stake in Tsingtao Brewery to Japan’s Asahi Brewery for an estimated US$667 million, subject to regulatory approval. As a result of the transaction, Asahi Brewery will become Tsingtao Brewery’s second largest shareholder. The team was led by Asia head of corporate Robert Ashworth. Fried, Frank, Harris, Shriver & Jacobson LLP represented CapitaLand LF (Cayman) Holdings Co Ltd and CapitaLand AIF Ltd, in connection with the restructuring of the 4 percent senior secured redeemable convertible bonds due 2012 in an aggregate principal amount of 1.2 billion renminbi issued by Heng Yue Holdings Ltd. The advisory team was led by corporate partner Edward Kim. Yulchon has advised Samsung Electronics on the joint venture between Samsung Electronics Co Ltd and Samsung SDI Co Ltd. Yulchon represented all parties in this merger amongst the affiliates of the Samsung Group. Youngjin Jung, Sung Wook Eun, Kyoung Yeon Kim were lead partners in the ₩780 billion (approximately US$520 million) deal. |
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