Freshfields advises Guangdong Wencan Die Casting on proposed acquisition of French company Le Bélier
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Guangdong Wencan Die Casting Co., Ltd., a specialist in the manufacturing of aluminum alloy auto components parts, on its entrance into exclusive negotiations to acquire a majority shareholding of 61.96 per cent of Le Bélier group from individual investors, Philippe Galland and Philippe Dizier and Galland-family's Copernic S.A.S, at a price per share of 38.18 euros.
Guangdong Wencan Die Casting’s offer has valued Le Bélier at 251.3m euros.
The proposed acquisition remains subject to regulatory approvals both in France and the People’s Republic of China. The transaction is expected to complete within the first half of 2020.
The Freshfields team was led by partners Alan Mason and Yuxin Shen. Partner Christel Cacioppo provided employment law advice. Partner Stéphanie Corbière advised on the banking and finance aspects of the deal and partner Ninette Dodoo provided competition law advice.
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