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NWS-Chinese Future Corp. stake purchase

- $280.00 m
  • Entry date - Wednesday, 23 November 2011
  • Jurisdiction - China
  • Practice - .
  • NWS-Chinese Future Corp. stake purchase

  • Firm - Clifford Chance (Beijing)
  • Client - Moscan Developments
  • Lead Lawyers - Cherry Chan
  • Role - HK counsel to buyer
  • Firm - Mayer Brown JSM
  • Client - The Children’s Investment Master Fund
  • Lead Lawyers - Jeremy Cunningham
  • Role - International counsel to seller


Deal summary
·         Purchase of approximately 60 percent stake in Chinese Future Corp. (CFC) by a subsidiary of NWS Holdings worth $280 million

·         Target is an infrastructure fund in Chinaand owns majority interest in the Hangzhou Ring Road – the busiest expressway in the Yangtze River Delta Region

·         Deal involved close cooperation between parties due to numerous technical and logistical challenges


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