Linklaters advises on Cheung Kong and Hutchison Whampoa’s billion merger and spin off
Linklaters are advising the banks on the recently announced merger of Cheung Kong Holdings Ltd. (“Cheung Kong”) and Hutchison Whampoa Ltd. (“Hutchison Whampoa”) and the subsequent spin off and listing of their property businesses. The deal includes a 6% increase of Hutchison Whampoa’s stake in Husky Energy Inc. The Linklaters team is being led by partner Craig Dally in the Hong Kong office, together with Hong Kong partner Rob Cleaver, US partner, Pam Shores and Managing Associate Alex Bidlake.
The transaction has been described as the biggest re-organisation of Hong Kong billionaire Li Ka-shing’s businesses since the handover of Hong Kong to China in 1997.
Commenting on the transaction Craig Dally said:
“Its been a privilege for us to be involved in structuring a transaction which is so significant not only for the companies involved but also for Hong Kong more widely.”
For further information please contact Jane Hodgskin (+852) 2901 5360.