Clifford Chance

Clifford Chance advises NWS Holdings on acquiring stake in Beijing Capital International Airport

Leading international law firm Clifford Chance has advised NWS Holdings Limited, the infrastructure and service flagship of New World Development Company Limited., on acquiring shares in Beijing Capital International Airport Co., Ltd. for approximately HKD2.36 billion. The purchase price  was HKD6.15 per share. Upon the completion of the Share Purchase Agreement, NWS Holdings will hold approximately 20.38% of the total issued H Shares in Beijing Capital Airport (being approximately 8.84% of the total issued share capital of Beijing Capital International Airport).

Beijing Capital International Airport is the world's second busiest airport in terms of passengers through, exceeding 80 million per annum. It operates three terminals and three runaways serving as an international gateway and a major domestic hub of the PRC.

Corporate partner Cherry Chan commented, "We are pleased to assist NWS Holdings on acquiring a stake in such a valuable infrastructure asset, which helps to enrich its portfolio and strengthen its leading position in China's transportation and logistics industry. Given China is the world's fastest-growing economy with rising middle class with disposable income, we believe that Beijing Capital International Airport will have strong growth potentials and will bring promising return to NWS Holdings."

Cherry led the transaction and was supported by consultant John Baptist Chan, associate Cheris Wong and legal assistant, Dandan Liu, all based in Hong Kong.