China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | February 23, 2017

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


Deal News

Canada approves sale of retirement home chains to Cedar Tree Investment (Anbang)
The Trudeau government has green-lighted the sale of one of British Columbia’s biggest retirement home chains to a Beijing-based insurance titan with a murky ownership structure in a deal that gives China a foothold in Canada’s health-care sector.


On paper, a majority stake in Vancouver-based Retirement Concepts – believed to exceed $1-billion in value – is being sold to a Chinese-owned company called Cedar Tree Investment Canada. However, Cedar Tree is the company that China’s Anbang Insurance is using to make the acquisition.


Congo Said to Get $100 ...

By: ChinaDesk | January 06, 2017

A Newsletter on Deal Making in China


Deal News


China Mengniu offers to buy out Modern Dairy for $826 million
China Mengniu Dairy Co Ltd has offered to buy out China Modern Dairy Holdings Ltd for $826 million in a deal that will help it secure a stable supply of raw milk. This follows China Mengniu's purchase of 965.47 million shares in Modern Dairy.


KKR and CDH Investments agreed to sell $241.5 million worth of shares in China Modern Dairy – which will see them fully exit a position they received when selling part of a greenfield cattle farming joint venture to Modern Dairy in 2015.


Modern Dairy gives Mengniu access to a plant in New Zealand and farms throughout China. Mengniu shares fell after the deal was announced Thursday morning...

By: ChinaDesk | September 16, 2016

A Newsletter on Deal Making in China


Deal News

Three firms vie for BP’s China petrochemicals plant

At least three leading chemical companies are set to vie for BP’s stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.

Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days.

By: ChinaDesk | September 14, 2016

A Newsletter on Deal Making in China


Deal News

China’s Sanonda to buy Israel’s Adama Agricultural for $2.8 billion

China's Hubei Sanonda will acquire Israel's Adama Agricultural Solutions for about 18.6 billion yuan ($2.79 billion). Sanonda, based in Hubei province in China's central, also said it aimed to raise up to 2.5 billion yuan in a private placement of shares to help fund Adama's production and expansion projects.

Earlier this year, Israel's Discount Investment Corp agreed to sell a 40 percent stake in Adama to Sanonda's parent China National Chemical Corp (ChemChina) for $1.4 billion, including debt. ChemChina owned 60 percent of Adama before the deal.