Chinese construction company makes strategic purchase

    August 12, 2010 | BY

    clpstaff &clp articles

    China Communications Construction Company (CCCC) has, through its subsidiary Zhen Hua Engineering Company, acquired Friede Goldman United (Friede). Friede…

    China Communications Construction Company (CCCC) has, through its subsidiary Zhen Hua Engineering Company, acquired Friede Goldman United (Friede). Friede is a global offshore drilling rig equipment and design services provider based in the US.

    The M&A aspect for CCCC was advised by a Hong Kong-based Freshfields Bruckhaus & Deringer team led by Ng Kay Ian and Connie Carnabucci for intellectual property. The financing for CCCC was provided by HSBC, and the lender was represented also by a Freshfields team led by Hong Kong partner David Winfield. Debevoise & Plimpton and Jackson Walker counselled Friede.

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