China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | May 07, 2017

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

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Deal News


ChemChina clinches landmark $43 billion takeover of Syngenta
ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday.

The trend toward market consolidation has triggered fears among farmers that the pipeline for new herbicides and pesticides might slow. Regulators have required some divestments as a condition for approving the Syngenta deal. The other deals in the sector are a $130 billion proposed merger of Dow Chemical and DuPont, and Bayer's plan to merge with Monsanto.


Meanwhile China has conditionally approved the pr...

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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Deal News


TVB’s suitor abandons its buyout bid for Hong Kong broadcaster
TLG Movie & Entertainment Group, the little known media company that had expressed its intention to buy a controlling stake in Hong Kong’s premier free-to-air broadcaster, said it has decided to abandon its takeover plan.

TLG, a unit of Beijing’s Top Legend Group, has “decided not to proceed with the offer” to buy 29.9 per cent of TVB, according to a facsimile sent to the broadcaster, just before the expiry of a 5 pm bid deadline imposed by TVB. TVB imposed a March 7 deadline on TLG to make good on its declaration to take over the broadcaster.


Yingde Chairman's Buyout Deal H...

By: ChinaDesk | February 21, 2017

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

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Deal News


Dealmakers Battle for Chance to Run World's Biggest Chemical Company
It’s a battle of two great deal makers and the prize is potentially the chance to run the world’s largest chemical company.

 

On one side is Sinochem Group boss "Frank" Ning Gaoning, who is said to be in talks for a second major deal with global commodities trader Noble Group Ltd. On the other is Ren Jianxin, chairman of China National Chemical Corp., or ChemChina, whose $43 billion offer to buy Swiss pesticides-and-seeds maker Syngenta AG is currently wending its way through official reviews.

 

China wants to merge Sinochem and ChemChina as part of the ce...

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 | January 25, 2017

A Newsletter on Deal Making in China

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Deal News

Rio Tinto sells coal assets to China's Yancoal for up to $2.45 billion
Rio Tinto Plc said it agreed to sell Australian unit Coal & Allied Industries Ltd to Chinese government-controlled Yancoal Australia Ltd for up to $2.45 billion in cash. The deal involves an initial sum of $1.95 billion, followed by further annual installments, taking the total price up to $2.45 billion. Yancoal also has an option to make a single cash payment of $2.35 billion.

 

Analysts said the price was a good deal for selling off thermal coal assets, which Rio no longer views as core. Rio's share price rose 4 percent in London trade, just above gains of 3.5 percent for the wider sector.

 

China's State ...

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