China Baowu Steel to acquire CPMC Holdings from COFCO Group for HKD7.56bn.

Synopsis

China Baowu Steel, a state-owned iron and steel company, offered to acquire CPMC Holdings, a state-owned iron and steel company, from COFCO Group, a Chinese state-owned food processing holding company, for HKD7.56bn.

Principals

target

Cmpc Holdings

bidder

China Baowu Steel

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Market Context

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Bidder Team (1)

hu wangming

Chairman at CHINA BAOWU STEEL

Manager

bidder

Deal

£ 778 M

Total Value

Vendor Team (4)

doris ng

Partner at Norton Rose Fulbright

Lawyer

vendor

Deals

£ 874 M

Total Value

psyche tai

Head of Hong Kong at Norton Rose Fulbright

Lawyer

vendor

Deals

£ 8.78 B

Total Value

xuanyi song

CFO at COFCO GROUP

Manager

vendor

Deals

£ 3.35 B

Total Value

david dong

CEO at COFCO GROUP

Manager

vendor

Deals

£ 3.35 B

Total Value

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