China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 21, 2017

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

moneygram_ant_financial_alibaba_deal_m&a_news_china

Deal News


MoneyGram board says Euronet offer could result in superior proposal
U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.


MoneyGram will share confidential information with peer Euronet so that it can firm up its offer. Euronet had offered $15.20 per share in cash to buy MoneyGram last week, topping the $13.25 per share offer from Ant Financial. Wall Street already seems certain that there's more to come.

Traders are betting that Chinese billionaire Jack Ma is about to get drawn into ...

Category: Daily Newsletter 

Tags: Venture Capital, Alibaba, ICBC, Ant Financial, China Newsletter, Vanke, Sinopec, SAFE, Ofo, Evergrande, Mobike, Legend Capital, Qiming Ventures, China IPO, Mergers, Acquisitions, Baoneng Group, IDG China, PBOC, CRRC, SDIC, Private Equity, CDH Investments, CreditEase, BYD, CMC Capital, Shenzhen Metro, Paramount Pictures, IPOs, MoneyGram, PAG Asia Capital, HG Capital, Momo, Shanghai IPO, China M& A News, euronet, Viacom, Chevron South Africa, Pan Gongsheng, IBM Cloud China, Wanda Cloud, Fanli, Geek, Tanyuan Tech, Hypereal, Mychebao, Suzhou Ribo Life Science, Weying, Newrank, YCloset, Pan Lin Asset Management, Phoenix TV, Gary Cohn, HTC, Apple China, Rusal, Elec-Tech Co, Xianyu, Li Jianli, Shenzhen Kedali 

By: ChinaDesk | February 23, 2017

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

anbang_british_columbia_retirement_concepts_cedar_tree_investments_canada_china_dealbook_m&a

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 13, 2017

A Newsletter on Deal Making in China

China_vanke_China_Resources_Shenzhen_Metro_Dealbook

Deal News


China Vanke's No. 2 shareholder sells stake to Shenzhen Metro amid power tussle

Property developer China Vanke, embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group will sell its entire 15.31 percent stake to Shenzhen Metro Group. The transaction is estimated to total 37.2 billion yuan ($5.40 billion).

 

It was not immediately clear if such a move would help Vanke fend off its biggest shareholder, financial conglomerate Baoneng which has built up a 25 percent holding and has sought to oust management. It would also fall short of a previous Vanke plan to make Shenzhen Metro its No. 1 shareholder through an asset s...

By: ChinaDesk | November 04, 2016

A Newsletter on Deal Making in China

fosun_polyus_russia_gold_mine_china_dealbook_newsletter

Deal News

 

Fosun in exclusive talks to buy stake in Russian gold miner Polyus: sources
Fosun International Ltd, is in exclusive talks to buy a large minority stake in Russia's biggest gold miner Polyus, in what would be the Chinese group's maiden Russian deal. Reuters reported in August that Fosun is also in talks to buy a minority stake in Russian investment bank Renaissance Capital.

 

Fosun's interest in Polyus comes as other Chinese companies have also been targeting gold mine acquisitions to meet domestic demand amid a recovery in prices. State-controlled Zijin Mining Group Co Ltd and state-backed Shandong Gold Mining Co Ltd held separate talks with Canada's Barrick Gold Corp to buy a 50 percent st...