China Merchants Port Holdings’ Disposal of a Minority Interest in Hambantota Port

Baker McKenzie advised China Merchants Port Holdings on the deal.

China Merchants Port Holdings completed the sale of approximately 23.5% shareholding interest and the assignment of its rights in approximately 23.5% of certain shareholders loan in its wholly owned subsidiary Gainpro Resources, which holds 85% interest of Hambantota International Port Group (HIPG), to Fujian Transportation Maritime Silk Road Investment and Management for $268 million.

China Merchants Port Holdings Company Limited, through its subsidiaries and associated companies, operates ports, airports, and other container and cargo terminals around the world.

The Baker McKenzie team was led by Partner Tracy Wut (Picture), and included Capital Markets Partner Christina Lee, Special Counsel Brian Wong, Associates Brian Chu and Karen Wong.

Involved fees earner: Ian Chen – Baker McKenzie; Brian Chu – Baker McKenzie; Christina Lee – Baker McKenzie; Brian Wong – Baker McKenzie; Karen Wong – Baker McKenzie; Tracy Wut – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: China Merchants Port Holdings Company Limited;

Author: Michael Patrini