Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 24-02-2014 | Practice Area: | Corporate and M&A |
Deal Title: | Dongfeng Motor Group Investment in Peugeot | Industry: | Automobiles & Parts |
Description: |
Slaughter and May, Hong Kong, is advising China's second largest automaker, Dongfeng Motor Group Company Limited (Dongfeng) on its subscription for shares in Peugeot S.A. (Peugeot) for approximately EUR 800 million (USD1.1 billion), and its further strategic partnership with Peugeot to enhance their collaboration in research and development and to establish a new joint venture to drive PSA Peugeot Citroen and Dongfeng vehicle sales in the rest of Asia. This will be the largest overseas acquisition by a Chinese automaker since 2010.
Dongfeng has signed a memorandum of understanding with Peugeot which contemplates the entering into a master agreement, a subscription agreement and a shareholders agreement with, among others, Peugeot in connection with its equity investment in Peugeot. It has also signed a Non-binding Framework Agreement with Peugeot in connection with their further strategic cooperation.
Corporate and Commercial: Benita Yu (partner), Frank Bi (associate), Kevin Ip (associate).
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Financial Center: | Hong Kong | Value: | 1000.01-5000.00 |
Advised Party: | Acquiror | Law Firm | Slaughter and May |
Target Company Jurisdiction: | France | Acquiror Jurisdiction: | China |
Classification: |
Strategic Buyer Acquisitions Public Company - Recommended Offer |
Lawyer | Benita Yu |