Freshfields Bruckhaus Deringer has advised Deutsche Bank in a deal worth up to $4 billion to sell its entire 20 percent stake in Hua Xia Bank to China-based People’s Insurance Company Group (PICC), which was represented by Davis Polk & Wardwell.

Linklaters, Baker & McKenzie, Morrison & Foerster and Kirkland & Ellis have scored key advisory roles in the merger of two of China’s biggest train makers, CSR Corp Ltd and China CNR Corp Ltd, which will result in the formation of a new $26 billion company.