Clifford Chance has advised China State Shipbuilding Corporation Limited on the merger controls and Foreign Direct Investment filings for its merger with China Shipbuilding Industry Corporation.
The merger of the two largest Chinese shipbuilders represents a combined asset value of approximately US$115 billion (RMB790 billion), making the merged entity the largest shipbuilding company in the world.
CSSC is one of the top 10 defence groups in China, consists of various ship yards, equipment manufacturers, research institutes and shipbuilding related companies, some of the well known shipbuilders in China such as Jiangnan Shipyard and Hudong–Zhonghua Shipbuilding are currently owned by CSSC.
Partner Yong Bai (Picture) led the cross border team and in Beijing was supported by senior associate Dayu Man and trainee Zihan Zheng. Others involved in the global network included partners Richard Blewett and Anastasios Tomtsis and associate Jonathan Blondeel in Brussels, and partner Torsten Syrbe and senior associate Olga Mizikova in Moscow.
Involved fees earner: Yong Bai – Clifford Chance; Richard Blewett – Clifford Chance; Jonathan Blondeel – Clifford Chance; Dayu Man – Clifford Chance; Olga Mizikova – Clifford Chance; Torsten Syrbe – Clifford Chance; Anastasios Tomtsis – Clifford Chance;
Law Firms: Clifford Chance;