China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | April 28, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

didi_chuxing_china_startup_dealbook_unicorn

Deal News

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion
Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Less than a year after raising almost $3 billion, Chinese ride-hailing giant Didi Chuxing is on the cusp of adding a further $5 billion or more to its arsenal.

 

Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company. Clearly, Masa is a fan of the collaborative approach being taken by Didi, which stands at loggerheads with Uber's combative style. That...

By: ChinaDesk | April 22, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

li_ka_shing_cki_hk_duet_Australia_m&a_news

Deal News


DUET says Australian government approves $5.5 billion takeover by CKI consortium
Australia's DUET Group on Friday said it had been advised by Cheung Kong Infrastructure Holdings (CKI) that the Australian government has approved the Hong Kong company's $5.5 billion consortium-led takeover offer.

In approving Li Ka-shing's takeover bid for Australia's electricity and gas utility Duet Group, the country's Treasurer Scott Morrison is admitting that the horse on foreign infrastructure investment has already bolted.

 

China's Bitauto raises $1 billion from internet giants Tencent, Baidu
Auto portal Bitauto Holdings Ltd has recently raised $1 bi...

By: ChinaDesk | April 20, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

weetabix_bright_foods_china_m&a_news_dealbook

Deal News

China's Bright to sell Weetabix to Post Holdings in $1.76 billion deal
China's Bright Food Group Co Ltd has agreed to sell iconic British cereal brand Weetabix to U.S. cereal company Post Holdings for $1.76 billion, a spokesman for the Chinese conglomerate said on Tuesday.

 

Bright Foods sells brand to US owner of Shredded Wheat and Bran Flakes after too few Chinese choose Weetabix for brekkie. The unchallenging cereal biscuit has failed to find favour in the far east – it couldn’t compete with the pork buns.

 

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B
Ant Financial, the Aliba...

By: ChinaDesk | April 07, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

china_unicom_private_investment

Deal News

Unicom may get private-sector investor, pioneering next stage of China’s SOE reform
China Unicom, with the world’s sixth-largest network of mobile phone users, is poised to announce an investment by a private-sector investor, becoming a test case in the country’s reform of state-owned enterprises.

 

In a regulatory filing late on Wednesday, Unicom said its parent, China United Network Communications, aims to push forward with implementing the central government’s so-called mixed-ownership reform plan involving investors from the mainland’s private sector.

 

China Wins F.T.C. Approval to Buy Syngenta
The China National Chemical Corpor...

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By: ChinaDesk | March 24, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


Chevron confirms sale of its South African assets to Sinopec
Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana.


Sinopec agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.


American Airlines May Be Close to Buying Stake in China Southern
American Airlines Group Inc., the world’s largest carrier, is in advanced talks to acquire a stake in China Southern Airlines Co., according t...

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