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NWS-Chinese Future Corp. stake purchase

US$280.00 m
  • Entry date - Wednesday, 23 November 2011
  • Jurisdiction - China
  • Practice - .
  • NWS-Chinese Future Corp. stake purchase

  • Firm
    Clifford Chance (Beijing)
  • Client
    Moscan Developments
  • Lead Lawyers
    Cherry Chan
  • Role
    HK counsel to buyer
  • Firm
    Mayer Brown JSM
  • Client
    The Children’s Investment Master Fund
  • Lead Lawyers
    Jeremy Cunningham
  • Role
    International counsel to seller


DEAL SUMMARY
·         Purchase of approximately 60 percent stake in Chinese Future Corp. (CFC) by a subsidiary of NWS Holdings worth $280 million

·         Target is an infrastructure fund in Chinaand owns majority interest in the Hangzhou Ring Road – the busiest expressway in the Yangtze River Delta Region

·         Deal involved close cooperation between parties due to numerous technical and logistical challenges


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