Kirkland & Ellis Advises On USD6.3bn Offer For Orient Overseas By COSCO Shipping And Shanghai International Port.

Legal News & Analysis - Asia Pacific - China - Corporate/M&A

11 July, 2017

 

Kirkland & Ellis is advising UBS AG, as financial adviser, in connection with the proposed US$6.3 billion pre-conditional voluntary general offer to acquire all the shares of Orient Overseas (International) Limited (OOIL) by COSCO Shipping Holdings Co., Ltd (COSCO Shipping) and Shanghai International Port (Group) Co., Ltd.

 

Following completion of the offer, the COSCO Shipping and OOIL combination will be one of the world’s leading container shipping companies with more than 400 vessels and capacity exceeding 2.9 million TEUs (twenty-foot equivalent units).

 

The Kirkland team is led by Hong Kong corporate partners Nicholas Norris and Derek Poon and debt finance partner Daniel Lindsey.

 

For more information about the transaction, please click here.