Cido Tanker-Diamond S Shipping tankers sale

- $1,000.00 m

Entry date - Monday, 19 September 2011
Jurisdiction - Hong Kong
Practice - M&A
Cido Tanker-Diamond S Shipping tankers sale

Firm - Jones Day Client - Diamond S Shipping Lead Lawyers - Robert Profusek Role - US counsel to buyer	Firm - Mayer Brown JSM Client - Cido Tanker Lead Lawyers - Mark Uhrynuk Role - HK counsel to seller	Firm - Sullivan & Cromwell Client - Investors Lead Lawyers - Alexandra Korry, Chun Wei Role - International counsel to investors

Firm - Jones Day
Client - Diamond S Shipping
Lead Lawyers - Robert Profusek
Role - US counsel to buyer

Firm - Mayer Brown JSM
Client - Cido Tanker
Lead Lawyers - Mark Uhrynuk
Role - HK counsel to seller

Firm - Sullivan & Cromwell
Client - Investors
Lead Lawyers - Alexandra Korry, Chun Wei
Role - International counsel to investors

Deal summary

· $1 billion transaction entailed the sale of 30 product tankers by Cido Tanker to Diamond S Shipping, a deal which quadruples the size of the acquirer’s fleet

· The sale has been structured as shares in various vessel owning companies

· Required high level of correspondence between parties involved

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