Reliance New Energy Solar’s Acquisition of REC Solar

Baker McKenzie advised China National Bluestar (Group) Co Ltd. and REC Solar Holdings AS on the transaction.
Davis Polk advised Reliance New Energy Solar on the deal.

Reliance New Energy Solar Ltd executed the acquisition of 100% of the equity interests in REC from Bluestar. REC, will become an integral part of Reliance’s mission to drive green energy transition globally.

REC Solar is one of the world’s leading solar cell, panels and polysilicon manufacturer.

The Baker Mckenzie team was led by Principals Geraldine Ong (Picture) and Boo Bee Chun, and included Kah Chin Chu, Sze Shing Tan, Sharon Tan, Ng Zhao Yang, Ting Xiaohui, Esther Pang, Chng Anzhen, Jordan Tong and Tan Enlai from the Singapore member firm Baker McKenzie Wong & Leow; Tom Jenkins from the Hong Kong office, John Fedele and Dukki Moon from the Washington, D.C. office also provided advice. 

The Davis Polk corporate team includes partner Jeffrey R. O’Brien, associates Alexander W. Simmonds, Christopher Diel, Géraldine Fromage and Ivan Luetic. Partner Jonathan Cooklin and counsel Dominic Foulkes are providing tax advice. Partner Pritesh P. Shah and associate Jesse L. Hallock are providing intellectual property advice. Counsel Mary K. Marks is providing antitrust and competition advice.

Involved fees earner: Chng Anzhen – Baker McKenzie; Bee Chun Boo – Baker McKenzie; Kah Chin Chu – Baker McKenzie; Daniel Duk-ki Moon – Baker McKenzie; Tan Enlai – Baker McKenzie; John Fedele – Baker McKenzie; Tom Jenkins – Baker McKenzie; Geraldine Ong – Baker McKenzie; Esther Pang – Baker McKenzie; Sharon Tan – Baker McKenzie; Jordan Tong – Baker McKenzie; Ting Xiao Hui – Baker McKenzie; Zhao Yang Ng – Baker McKenzie; Jeffrey Brien – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Christopher Diel – Davis Polk & Wardwell; Dominic Foulkes – Davis Polk & Wardwell; Geraldine Fromage – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Ivan Luetic – Davis Polk & Wardwell; Mary Marks – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Alexander Simmonds – Davis Polk & Wardwell;

Law Firms: Baker McKenzie; Davis Polk & Wardwell;

Clients: China National Bluestar (Group) Co., Ltd.; REC Solar Commercial Corp. ; Reliance New Energy Solar;