China M&A Week in Review is SSCO’s weekly summary of deals and key developments in China related Mergers and Acquisitions. Our emphasis is on cross-border deals.

This Week’s Links

Outbound M&A and Investment

ENERGY

Malaysia’s 1MDB Sells Power Unit in Step to Wind Down Operations–Bloomberg, 23/11/2015 “1Malaysia Development Bhd. agreed to sell its power assets to China General Nuclear Power Corp. for 9.83 billion ringgit ($2.3 billion) as the state investment company moved one step closer to winding down operations after its mounting debt raised investor concern.China General Nuclear will assume all gross debt and cash of Edra Global Energy Bhd.”

 TRANSPORT

AIM Altitude acquired by AVIC – Aircraftinteriors, 23/11/2015 “The two companies merged their capabilities to give them the ability to design and supply entire cabin interiors around the world…This development at Bournemouth was preceded by “substantial” investment at AIM Altitude’s Byfleet facility to extend its galleys and stowages factory and testing facilities.”

Brazilian Airline Azul Sells Stake to HNA Group of China – New York Times, 24/11/2015 “The airline announced on Tuesday that it had sold a 23.7 percent stake to HNA Group of China for $450 million…It is Azul’s second time turning to China for capital this year. In May, it raised $200 million from the Industrial and Commercial Bank of China.”

China Merchants signals plan to invest in Lithuania gateway port – JOC,25/11/2015 “China Merchants Group announced it will invest $5 billion in the construction of a 30-square mile industrial park in the eastern Europe country of Belarus, opening a route to the Baltic Sea for the landlocked country…China International Trust and Investment Corporation will invest $113 billion in 300 projects stretching from Singapore to Turkmenistan that include a network of roads and railways, oil and gas pipelines, power grids, internet networks, and maritime links.”

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 About Stenvall Skoeld & Company

Stenvall Skoeld & Company (SSCO) is an M&A advisory firm with global reach on cross-border transactions. We act as financial advisors to buyers and sellers on mergers, acquisitions, divestitures, capital raises and other strategic and financial transactions and investment decisions. We specialize in cross-border transactions involving Asia, China in particular.

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