find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details


Allens Arthur Robinson acted for Australasian brewer Lion Nathan in the sale of its Chinese beer business to China Resources Breweries (CRB) for US$154 ($214.06) million.The company was also…

Allens Arthur Robinson acted for Australasian brewer Lion Nathan in the sale of its Chinese beer business to China Resources Breweries (CRB) for US$154 ($214.06) million.

The company was also advised by Caliburn Partnership, and Mallesons Stephen Jaques.

Completed late last month, Lion Nathan said the sale price in the deal represented a premium to the book value of Lion Nathan China of around $120 million. CRB is a joint venture between the Hong Kong-listed China Resources and SAB Miller.

Prior to the sale, Lion Nathan conducted a “strategic review” of the competitiveness of its Chinese assets. Apart from a sale, the company considered two other options: increasing the scale of the business through acquisition and joining the consolidation of the Chinese market through a merger or joint venture.

“Having considered all these options, Lion Nathan concluded that this sale was the best outcome for Lion Nathan shareholders especially given the capital and profit risk associated with remaining in China,” said Lion Nathan CFO Jamie Tomlinson.

The company will use the proceeds to reduce its debts.

AAR had a team of lawyers from its Shanghai, Hong Kong and Sydney offices working on the deal, led by partner Jeremy Low in Shanghai.

The Shanghai and Kong Kong practices provided strategic advice, coordinated the due diligence process and drafted transaction documents throughout the bid process. The firm said that although the transaction involved the sale of companies “at the Hong Kong level”, the primary focus was on the operating companies incorporated in mainland China.

The competitive bidding for Lion Nathan’s business was conducted through an online virtual dealing room, which was set up and managed by AAR’s Sydney office. The firm said this was an important contributor to the success of the deal.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Law Council of Australia
Nov 21 2017
LCA calls for urgent adoption of ‘game-changing’ recommendation
The Law Council of Australia has urged for the immediate adoption of a key recommendation put forwar...
Sally Wheeler
Nov 20 2017
ANU College of Law appoints new dean
A distinguished legal academic and the former head of law of a higher education institution in Irela...
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...