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Clifford Chance advises China State Shipbuilding Corporation on antitrust aspects of merger with China Shipbuilding Industry Corporation

26 February 2021

Clifford Chance advises China State Shipbuilding Corporation on antitrust aspects of merger with China Shipbuilding Industry Corporation

Leading international law firm Clifford Chance has advised China State Shipbuilding Corporation Limited (CSSC) on the merger controls and Foreign Direct Investment filings for its merger with China Shipbuilding Industry Corporation (CSIC). The merger of the two largest Chinese shipbuilders represents a combined asset value of approximately US$115 billion (RMB790 billion), making the merged entity the largest shipbuilding company in the world.

Partner Yong Bai led the cross border team and in Beijing was supported by senior associate Dayu Man and trainee Zihan Zheng. Others involved in the global network included partners Richard Blewett and Anastasios Tomtsis and associate Jonathan Blondeel in Brussels, and partner Torsten Syrbe and senior associate Olga Mizikova in Moscow.

Yong Bai said, "Our international team was very pleased to advise on this historic and strategic deal for the China shipbuilding industry."

The international antitrust team recently advised China Baowu Steel Group on the merger controls and Foreign Direct Investment filings in numerous jurisdictions for its acquisition of a 51% stake in Taiyuan Iron & Steel. 

高伟绅就中船工业集团与中船重工集团合并涉及的反垄断事务提供法律服务

全球领先律师事务所高伟绅就中国船舶工业集团公司(“中船工业集团”)与中国船舶重工集团公司(“中船重工集团”)合并交易所涉及的境外反垄断及外商投资申报提供法律服务。这两家中国最大的造船企业合并后的资产总额将达到人民币7900亿元,成为全球最大的造船集团。高伟绅项目团队由来自全球多个办公室的律师组成,该团队由大中华区反垄断业务主管合伙人柏勇律师牵头,北京办公室满大宇、郑紫涵和陈赓伦为本项目提供协助。此外,高伟绅布鲁塞尔办公室合伙人Richard Blewett和Anastasios Tomtsis以及律师Jonathan Blondeel、莫斯科办公室合伙人Torsten Syrbe和资深律师Olga Mizikova也参与了该项目。

柏勇律师表示:“我们的全球反垄断团队非常荣幸能为中国造船业内具有历史意义的战略交易提供法律服务。”

2019年,高伟绅曾助力中国宝武收购马钢集团的51%股份,并就项目涉及的多个司法辖区的反垄断申报提供专业法律服务。

中国宝武钢铁集团有限公司是一家总部位于上海的国有企业。此次收购完成后,中国宝武将成为全球最大的钢铁企业。