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

CHEMICALS

Freeport to sell prized Tenke copper mine to China Moly for $2.65 billion–Reuters,9/5/2016 “Freeport-McMoRan Inc has agreed to sell its majority stake in the Tenke copper project in the Democratic Republic of Congo to China Molybdenum Co Ltd (CMOC) for $2.65 billion in cash, reducing the U.S. miner’s debt and handing the Chinese company one of the world’s prized copper assets.”

ENERGY

Eesti Energia sells holding in Jordan project to China’s Yudean Group—Baltic States news,9/5/2016 “Eesti Energia is about to sell 45% of the shares in its Jordan oil shale powered power plant and extraction project to the Chinese state-owned company Yudean Group and will remain a minority shareholder in the project with a holding of 10%.”

TRANSPORTATION

Cosco Pacific Buys Stake in Euromax Terminal in Rotterdam—World Maritime News, 12/5/2016 “Hong Kong-listed Cosco Pacific Limited has entered into a share sale and purchase agreement with Hutchinson Port Holdings to acquire a 35% equity interest in Euromax container terminal in Rotterdam. The consideration for the acquisition comprises of €41.43 million for 35% of the share capital of Euromax and €84 million for 35% of the shareholder’s loan of €240 million, totaling in €125.43 million (USD 143 million).”

Inbound M&A into China

No significant deals were reported.

Domestic M&A – Notable Deals

TMT

Wanda buys marketing specialist propaganda GEM, Hoolai Games,Variety, 05/13/2016 “The announcement comes a day after Wanda Cinema Line, the theatrical exhibition arm of Chinese property development giant Dalian Wanda, disclosed that it is paying $5.72 billion to buy up its other film assets. In a regulatory filing, Wanda Cinema said that it would buy Wanda Media, the division that includes the recently acquired Legendary Entertainment.”

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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.

Contact us for more information.

 

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