2月5日，中国华能集团以约160亿港币现金要约收购华能新能源H股股份的私有化交易生效，竞天公诚律师事务所以要约人法律顾问身份参与交易，受要约人香港律师为史密夫斐尔律师事务所，交易财务顾问中信里昂证券香港律师为司力达律师事务所。

根据竞天公诚的一份新闻稿，本次交易是香港证监会2018年提高H股要约私有化条件门槛后首个成功的H股要约私有化项目。根据华能集团披露，本交易也是香港上市能源行业公司有史以来最大的私有化交易，以及香港上市公司有史以来最大的央企/国企私有化交易。

根据公开资料，华能新能源成立于2010年，是中国第二大风电运营商，其于2011年在港交所上市，是华能集团下属6家上市公司之一。华能新能源将于2月24日在港交所退市。

竞天公诚此次同时担任了要约人中国内地法律顾问和中国香港法律顾问。

Jingtian, HSF, Slaughters advise on Huaneng Renewables’ $2 bln privatization deal

Jingtian & Gongcheng has advised state-owned power producer China Huaneng Group on it’s $2 billion acquisition of Huaneng Renewables’ all H shares in Hong Kong, with Herbert Smith Freehills advising the seller. Slaughter and May provided legal advice to the sole finance advisor CLSA.

According to Jingtian and China Huaneng Group’s press release, this is the first successful privatisation deal since Hong Kong Securities and Futures Commission raised the threshold in 2018. 

Founded in 2010, Huaneng Renewables is the second largest wind power operator in China. It was listed in Hong Kong in 2011 and is one of the six public-listed companies under China Huaneng. It will withdraw from HKEX on February 24th.

Jingtian has advised China Huaneng under both PRC law and Hong Kong law in the deal.

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