Posted on August 3, 2012 at 8:08 PM
The Tokyo and Paris offices of Baker & McKenzie advised Toyota Tsusho Corporation on its deal of a 29.8 percent stake in distribution company CFAO from PPR, French luxury and retail group, for 688 million euros ($845 million). Partners, Ann Hung and Ean Mac Pherson, led Baker & Mckenzie’s Tokyo team, while Raphaele Francois-Poncet and Lauren Barbara led the team in Paris. This deal is significant to Toyota Tsusho’s business that has been expanding its automobile and other markets such as energy machinery, chemicals, healthcare and consumer products as it will further develop Toyota Tsusho’s presence in the African automobile market.
A&O advises Axiata Group in $1.5 billion Deal
Allen & Overy and Zaid Ibrahim & Co advised Axiata Group on its $1.5 billion multi-currency sukuk program purchase. Jeremy Stoupas, Ken Aboud, Louise Hennessey and Holly Hart led the Allen & Overy team. This transaction is not only the first internationally rated multi-currency sukuk program in the Asia-Pacific region, but also represents a significant development in the market for shariah compliant products in the region.
Hogan Lovells Advises GE on Mongolia Wind Farm Project
Hogan Lovells advised General Electric on a $122 million wind farm project in Mongolia that represents the country’s first independent renewable energy power operation. Hogan Lovell’s team was led by Michael Aldrich, Jamie Barr, James Harris, and Chris Melvile. This project is expected to supply about 5 percent of Mongolia’s electricity, as it will also augment a long-standing relationship between GE in the U.S. and its international network.
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