Baker & McKenzie recently advised on a multi-jurisdictional transaction that is part of a wider strategic partnership between China’s leading public port operator and a world-leading container shipping giant.
The firm advised China Merchants Holdings International (CMHI), the largest public port operator in China, on its proposed €400 million (US$520 million) acquisition of a 49% equity interest in Terminal Link, a wholly owned subsidiary of the CMA CGM Group, the world’s third-largest container shipping company.
“This transaction involved assets in many countries including France, Morocco, Belgium and the US,” Tan Poh Lee, an M&A partner at Baker & McKenzie in Hong Kong, told China Business Law Journal. “Our offices in each of those countries were involved in carrying out due diligence, providing local law advice and assisting with obtaining regulatory approvals where applicable.”
