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Sichuan Hongda-National Development JV

US$3,000.00 m
  • Entry date - Wednesday, 16 November 2011
  • Jurisdiction - China
  • Practice - M&A
  • Sichuan Hongda-National Development JV

  • Firm
    Cleary, Gottlieb, Steen & Hamilton
  • Client
    Sichuan Hongda
  • Lead Lawyers
    Li Li, Michael Preston
  • Role
    International counsel to JV company
  • Firm
    DLA Piper
  • Client
    National Development Corp.
  • Lead Lawyers
    Charles Morrison
  • Role
    International counsel to JV company
  • Firm
    K&M Advocates
  • Client
    Sichuan Hongda
  • Lead Lawyers
    Joyce Maselle, Seni Malimi
  • Role
    Local counsel to JV company


DEAL SUMMARY
·         Sichuan Hongda Group and National Development to form a $3 billion joint venture to develop coal and power plant projects in Africa

·         Completion of deal will see the formation of ‘Tanzania China International Mineral Resources’

·         Requires approval from Chinese and Tanzanian governments with Sichuan Hongda to gain a 80 percent interest in JV if successful


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