China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | April 07, 2017

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

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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...

Category: Daily Newsletter 

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By: ChinaDesk | March 07, 2017

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

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Source: China Business News

Deal News


Alibaba’s arch rival JD.com spins out its financial services business
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.

 

JD.com Inc. agreed to sell its finance arm while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for f...

Category: Daily Newsletter 

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By: ChinaDesk | March 02, 2017

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

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Deal News

Private equity firm PAG makes $616 million bid for Yingde co-founders' stake
Hong Kong-based private equity firm PAG has struck a deal with the three co-founders of Yingde Gases to buy their stake in the firm for $616 million, the latest twist in a months-long battle for control one of China's largest industrial gases company.


The bid would price Yingde shares at HK$6 apiece, exceeding an offer of HK$5.50 per share made by US-based industrial gas player Air Products in what would be the biggest U.S. takeover in China for a decade .

 

The bet smaller investors are making on Yingde now hinges on Air Products making a binding bid at HK$6.30...

Category: Daily Newsletter 

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By: ChinaDesk | February 10, 2017

A Newsletter on Deal Making in China

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Deal News

Carlsberg Said to Consider Bid for $1.2 Billion Tsingtao Stake
Carlsberg A/S, the Danish beermaker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery. Asahi, the largest Japanese brewer, is exploring a potential sale of its minority Tsingtao holding.

 

The shares in Tsingtao, based in a port city in eastern China’s Shandong province, are worth about $1.2 billion based on Wednesday’s close in Hong Kong. Tying up with Carlsberg could help Tsingtao as it grapples with competition from China Resources Beer Holdings Co.’s best-selling Snow lager and Anheuser-Busch InBev NV’s Budweiser label. Carlsberg already owns about 60 percent of rival Chinese beermaker Chongqing...

By: ChinaDesk | November 28, 2016

A Newsletter on Deal Making in China

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Deal News

 

Russia's InterRAO, China Huadian Corp interested in Enel Russia
Russian state power company InterRAO and China Huadian Corporation are interested in buying Enel Russia, the Russian power generation unit of Italy's Enel, two financial market sources familiar with the matter told Reuters.

 

The sources did not disclose a potential deal value or comment on the timing. They said InterRAO and Huadian Corporation are competing for Enel Russia, there is no talk of a joint venture between the two.

 

Chinese buyers say committed to closing AC Milan deal soon
The Chinese consortium seeking to buy Italian football club AC Milan is committed to signing the deal soon, it said on Saturday after the club'...