A Shanghai-listed company has acquired debt-laden BorsodChem, a Hungarian chemicals company, in a landmark debt restructuring and buyout deal. The advanced acquisition strategy is unprecedented in China outbound transactions.
Restructuring first for outbound Chinese M&A
When a PRC industrial company purchased a European chemicals producer, it utilised an advanced acquisition strategy that included a complex debt restructuring. It also had to convince Chinese regulators the strategy was workable
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