在港上市的保利协鑫能源控股近期宣布与高佳太阳能达成了收购协议,拟斥资8.54亿元人民币间接收购后者70.19%的控股权,以增强保利协鑫在硅片领域的竞争能力。

此次交易中,保利协鑫再次聘用已合作多次的国浩和富而德律师事务所作为其法律顾问,而高佳太阳能则由竞天公诚提供法律咨询。

GCL-Poly – Konca Solar Cell acquisition  US$125m US$125m

Synopsis GCL-Poly acquires 70% stake in Konca Solar Cell

Firm Client Role

Grandall Legal Grouop
[Lead partner: Wang Weidong]

GCL-Poly  PRC counsel
Freshfields GCL-Poly Hong Kong counsel
Jingtian & Gongcheng  Konca Solar Cell PRC counsel

Grandall and Freshfields have once again been instructed by GCL-Poly Energy, this time on its US$125m acquisition of a 70% steak in Konca Solar Cell.

Grandall performed due diligence and reviewed contracts for the client. While the legal work involved is nothing out of the ordinary, the client’s reputation in the region created more pressure. “Because our client is a listed company and a heavyweight in the renewable energy sector, negotiations with the seller had to be handled with extra caution,” said Grandall managing partner Wang Weidong.

GCL-Poly has been loyal to its long-term legal advisors: Freshfields has advised GCL-Poly three times and Grandall twice in less than a year. In December, GCL-Poly unveiled a US$709m JV backed by sovereign wealth fund China Investment Corporation, to develop photovoltaic arrays across Europe and the US. The company was advised by Freshfields and CIC was advised for the first time by Richards Butler in association with Reed Smith. GCL-Poly last year acquired Jiangsu Zhongneng for US$3.4bn and was also represented by Freshfields and Grandall Legal Group.

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