news

 

Global law firm Norton Rose Fulbright is advising Hong Kong-headquartered tissue and diaper maker Vinda International Holdings on its $3.3 billion proposed acquisition by Royal Golden Eagle (RGE), owned by Indonesian billionaire Sukanto Tanoto.

RGE has made an offer for a 52 percent stake in Vinda, which is owned by Swedish tissue maker Essity.  

The deal comes as multinational companies are reviewing their presence in China or holdings in Chinese businesses amid heightened geopolitical tensions and China's economic slowdown, Reuters reported.

The Norton Rose Fulbright team was led by partners Psyche Tai and Rachel Chan.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

STB, S&C, Freshies act on $8 bln cross-border AC assets deal

by Asian Legal Business《亚洲法律杂志》 |

Sullivan & Cromwell has advised German engineering group Robert Bosch on its $8 billion agreement to acquire the residential ventilation businesses of Johnson Controls and Japanese group Hitachi.

Deals

S&C, Freshies guide $905 mln U.S.-Japan tire deal

by Asian Legal Business《亚洲法律杂志》 |

U.S. law firm Sullivan & Cromwell is advising Goodyear Tire & Rubber on the planned sale of its Off-the-Road equipment tire business to Japan's Yokohama Rubber, which is being represented by Freshfields Bruckhaus Deringer.

Deals

A&O Shearman advises Allianz on $1.6 bln Singapore insurance deal

by Nimitt Dixit |

A&O Shearman has advised German insurer Allianz on the acquisition of a 51 percent stake in Singapore's Income Insurance for S$2.2 billion ($1.6 billion), the latest major deal in Singapore’s buzzing insurance sector.