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China State Shipbuilding Corporation achieves successful merger

Clifford Chance has advised China State Shipbuilding Corporation on antitrust aspects of a merger with China Shipbuilding Industry Corporation. 

March 02, 2021 • By Naomi Neilson
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Firm: Clifford Chance (China State Shipbuilding Corporation)

 
 

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Deal: International 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). 

Value: US$115 billion. 

Area: M&A.

Key players: The team was led by partner Yong Bai and was supported by associate Dayu Man and trainee Zihan Zheng. Others involved included partners Richard Blewett and Anastasios Tomtsis, associate Jonathan Blondeel, partner Torsten Syrbe and senior associate Olga Mizikova. 

Deal significance: The merger of the two largest Chinese shipbuilders represents a combined asset value of approximately US$115 billion, making the merged entity the largest shipbuilding company in the world. 

Mr Bai said: “Our international team was very pleased to advise on this historic and strategic deal for the China shipbuilding industry.”

Naomi Neilson
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly, as well as other titles under the Momentum Media umbrella. She regularly writes about matters before the Federal Court of Australia, the Supreme Courts, the Civil and Administrative Tribunals, and the Fair Work Commission. Naomi has also published investigative pieces about the legal profession, including sexual harassment and bullying, wage disputes, and staff exoduses. You can email Naomi at: naomi.neilson@momentummedia.com.au.
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