China Everbright Bank plans to use the proceeds to boost its capital base and further grow its business.
By Anna Zhang, December 9, 2013 :: Deals
Herbert Smith Freehills is on the other side of the transaction, advising Houston-based InterOil Corp.
The deal will see U.S. specialty chemical maker Rockwood Holdings Inc. and China's Chengdu Tianqi Industry Group form a joint venture to share ownership of Australia's Talison Lithium Pty Ltd.
By Quiteria Leung, December 5, 2013 :: Deals
* Davis Polk advising Chinese bad loan buyer Cinda on its upcoming $2.5 billion IPO
* PetroChina turns to Herbert Smith Freehills for an Iraqi oil investment
* Simpson Thacher and Amarchand on a $200 million Indian pharmaceutical investment by KKR
The Chinese state-owned oil giant is buying a 25 percent stake in an Iraqi oil field from Exxon Mobil.
The company, which was created by the Chinese government to acquire nonperforming loans from state-owned banks, will use the proceeds from its listing to expand its distressed asset portfolio.
The shifting market, a series of departures and leadership changes—in the U.S. as well as Asia—have raised questions about the firm's Asia strategy. But chairman Bradley Butwin insists that O'Melveny's commitment to Asia is as strong as it ever was.