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Hanenergy – Apollo Solar Energy acquisition

US$2,650.00 m
  • Entry date - Thursday, 12 August 2010
  • Jurisdiction - China
  • Practice - M&A
  • Hanenergy – Apollo Solar Energy acquisition

  • Firm
    Herbert Smith
  • Client
    Hanenergy
  • Lead Lawyers
    Tom Chau
  • Role
    Counsel to Acquirer


DEAL SUMMARY
·        By completion of the transaction, Beijing-headquartered Hanergy Group will become the largest shareholder of Hong Kong-listed Apollo Solar Energy Technology Holdings

·        As part of the strategic investment, Hanergy made equipment purchase of US$2.55bn from Apollo Solar Energy

·        Herbert Smith recently also advised China National Petroleum in its uS$1.6bn stake acquisition from Syria Shell Petroleum


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