CC, LINKLATERS AND LATHAM & WATKINS WIN KEY ROLES ON PIRELLI TAKEOVER
Advised by Clifford Chance (CC), China National Chemical Corporation bought tyre-maker Pirelli in a $7.7bn deal. The Chinese company acquired a 26.2% stake from Camfin, which was advised by Chiomenti, while Lombardi Molinari Segni handled financing aspects and Linklaters advised fellow investor Long Term Investments. Latham & Watkins advised underwriters JP Morgan.
BOREALIS’ €6.6BN SWEDISH BUY SEES LINKLATERS AND MILBANK ADVISE
Mannheimer Swartling was lead counsel, while Linklaters covered UK law for Borealis Infrastructure and a consortium of Swedish investors as they purchased Fortum Keilaniemi’s electricity distribution business in Sweden for €6.6bn. Milbank, Tweed, Hadley & McCloy advised the 21 banks behind the deal, while Avance Attorneys and Vinge advised the seller.
IGAS SHALE DEAL SEES COOLEY LAND FIRST MAJOR MANDATE FOR CITY OFFICE
Cooley announced its first major instruction since opening in London in January, working for IGas Energy on a farm-out and purchase agreement with chemicals company INEOS. Slaughter and May led for INEOS, having previously worked on its deals with BG International and Reach Coal Seam Gas.
LINKLATERS AND ASHURST LAND ROLES ON £1BN JAPANESE ACQUISITION OF DOMINO PRINTING
Ashurst advised Domino Printing Sciences on its £1bn takeover by Japanese company Brother Industries. Linklaters continued its success with large-scale Japanese M&A by advising the purchaser, while Gibson, Dunn & Crutcher acted for Citibank, which provided a bridging facility to help finance the deal.