Linklaters has advised Charoen Pokphand Group on its purchase of British retailer Tesco’s businesses in Thailand and Malaysia for $10.6 billion. Tesco was counselled by Freshfields Bruckhaus Deringer and Allen & Overy.

According to Reuters, the deal, which involves more than 2,000 stores in Asia, allows Tesco to focus its business on core operations in the UK, Ireland and Central Europe. In February, Tesco completed its exit from China with the 275-million-pound ($357 million) sale of its joint venture stake to state-run partner China Resources Holdings.

The Freshfields team was led by partners Claire Wills, Simon Weller, Keir MacLennan, Alastair Chapman and Alastair Mordaunt.

The Allen & Overy team was led by partner Suparerk Auychai.

Meanwhile, the Linklaters team was led by partners Wilailuk Okanurak, Pichitpon Eammongkolchai, Matthew Middleditch and Nathalie Hobbs.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Weil, Wong & Partners guide $2.6 bln Malaysia airport deal

by Nimitt Dixit |

U.S law firm Weil, Gotshal & Manges and Wong & Partners, Baker McKenzie’s Malaysia member firm, have guided investment firm Global Infrastructure Partners (GIP) and a consortium led by Khazanah Nasional Bhd, respectively, on a $2.6 billion take-private offer for Malaysia Airports Holdings (MAH).

Appointments

Nishimura continues SEA growth with energy partner

by Nimitt Dixit |

Japanese Big Six law firm Nishimura & Asahi has continued the planned expansion of its Southeast Asia offerings with the addition of energy-focused finance and M&A partner Sean Conaty.

Deals

GT, Goodwin act as Japan's Ono buys U.S. drugmaker for $2.4 bln

by Asian Legal Business《亚洲法律杂志》 |

Greenberg Traurig has represented Japan’s Ono Pharmaceutical Co on its $2.4 billion acquisition of  U.S.-based cancer drugmaker Deciphera, which was advised by Goodwin Procter.