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

ENTERTAINMENT

Former Disney Chief Dick Cook, China’s Film Carnival Unveil $500M Film Production Fund–Hollywood Reporter,29/3/2016 “Former Disney Studios chairman Dick Cook and China’s Film Carnival are teaming on a $500 million film financing fund in major boost for the veteran film executive’s Dick Cook Studios and furthering his ties to Chinese money.”

ENERGY

Bangladesh-China JV to construct $1.56 bln power plant in southern Bangladesh–Reuters, 30/3/2016 “Bangladesh-China Power Company Limited (BCPCL) will invest $1.56 billion in a coal-fired plant near a proposed sea port south of Dhaka to produce 1,320 megawatts (MW) of electricity by 2019, the head of the joint venture (JV) said on Wednesday.”

China Unveils Proposal for $50 Trillion Global Electricity Network-NBC NEWS,31/3/2016 “China has unveiled a proposal for a $50 trillion global electricity network that would help fight pollution and the effects of climate change.The plan envisions linking existing and future solar farms, wind turbines and electricity plants in Asia, Europe, Africa and the Americas.”

FINANCE

Chinese firms ink deals to invest into Czech finance, industry–Reuters, 30/3/2016 “Czech and Chinese companies signed deals on Wednesday including the acquisition of a Czech-Slovak financial group and the creation of a 5 billion euro investment fund…The Czech presidential office said investments in both directions could total 10.9 billion euros (8.6 billion pounds) by 2020, mostly via vehicles seeking to invest in the Czech economy.”

CONSUMER PRODUCTS

China’s Midea Group buys Toshiba’s home appliance business–Xinhua News,30/3/2016 “China’s leading home appliance maker Midea Group announced Wednesday an agreement with Japan’s Toshiba Corporation to buy the latter’s home appliance business. Midea will acquire an 80.1 percent stake in Toshiba Lifestyle Products & Services Corporation.”

FASHION & APPAREL

China’s Shandong Ruyi says it will take over French fashion firm SMCP–Reuters, 31/3/2016 “China’s Shandong Ruyi (002193.SZ) said it will buy a controlling stake in SMCP, the French firm behind affordable luxury fashion brands Sandro, Maje and Claudie Pierlot…Two sources close to the deal said earlier this week the textile group would take control of SMCP for around 1.3 billion euros ($1.5 billion) including debt.”

 FOOD & BEVERAGES

Chinese investment firm buys 90% of Aussie seafood giant–Undercurrent news,31/3/2016 “Chinese investment group Legend Holdings has bought a 90% stake in the seafood processing, wholesale and export business of Australia’s Kailis Bros, the country’s largest seafood company.Under that arrangement, the Kailis Bros seafood processing business will form the platform for a joint venture between the two companies, called KB Food.”

Inbound M&A into China

No significant deals were reported.

Domestic M&A – Notable Deals

No significant deals were reported.

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