香港上市公司上海锦江饭店近日完成今年第二大并购项目，从母公司上海锦江国际集团收购38%股份，包括价值3.97亿美元的旅游，物流和运输资产。

锦江饭店此次交易由上海锦江常年法律顾问金杜和Baker & McKenzie提供法律咨询。

Hong Kong-listed Shanghai Jin Jiang Hotels is flexing its muscles by making its second major acquisition this year. Advised by its long-term legal counsels – King & Wood and Baker & McKenzie – the hotelier is buying US$397m worth of assets, including passenger transport services, warehouses and travel agencies, from its state-owned parent, Jin Jiang International.

Under the agreement, Shanghai Jin Jiang has agreed to acquire approximately 38% of Jin Jiang Investment, which operates passenger transport and logistics services and approximately 50% of travel agency operator, Jin Jiang Travel.

In April this year, Shanghai Jin Jiang also acquired US Interstate Hotels and Resorts for US$307m. Also in the hotel industry, China Lodging Group increased its competitiveness by launching its US$126m NASDAQ IPO (advised by Jun He, Davis Polk, Conyers Dill & Pearman, Zhong Lun and Simpson Thacher) in April.
The deal is subjected to approval from the State-owned Assets Supervision and Administration Committee of the Shanghai municipal government and the State Council. ALB

Related stories:

• M&A (24 February 2010)
• Eye on outbound M&A (27 April 2010)