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King & Wood Mallesons Advises on $1.3 Billion Australian Pipeline Takeover
APA Group, the largest natural gas distributor in Australia, has made an offer for fellow pipeline company Envestra Ltd.Asia Deal Digest: December 12, 2013
* Total goes in-house for a $3.6 billion New Guinea oil and gas deal* Freshfields takes the lead on planned $2.8 billion China Everbright Bank IPO* Allens and Clifford Chance on $1 billion U.S.-China lithium joint ventureDavis Polk Leads on $2.5 Billion China Cinda IPO
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.