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.
Two state-owned companies have proposed to pay $1.3 billion for the U.S. oil company's offshore Indonesian assets.
By Quiteria Leung, November 28, 2013 :: Deals
*Skadden acts on U.S. IPO for Chinese classified advertising site 58.com
*WongPartnership advises real estate developer Ascendas on new Indian property fund
*Rahmat Lim & Partners and Allen & Gledhill represent Sime Darby Motors on Vietnamese acquisition
Wilson Sonsini Goodrich & Rosati, Weil Gotshal & Manges and O'Melveny & Myers have the lead roles on a proposed buyout of Chinese game developer Giant Interactive by a group of minority shareholders.
Both sides relied on in-house counsel in Exxon's sale of $1.8 billion in assets to Hong Kong power company CLP.
By Tom Brennan, November 21, 2013 :: Deals
*Morrison & Foerster guides Global Logistics Properties on creation of $3 billion fund
*Simpson Thacher leads Chinese gaming company Boyaa Interactive's $127 million IPO
*Gadens advises PanAust on majority-stake purchase in Papua New Guinea gold and copper mine
Temasek-owned Pavilion Energy is paying $1.3 billion for a minority stake in offshore gas interests held by Ophir Energy.
The state-run Chinese food company sold two tranches of bonds worth $500 million each on the Hong Kong Stock Exchange.
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.