|Date Closed:||June 03, 2015|
|Deal Value:||$84 billion|
|Client Name:||Cheung Kong (Holdings) Limited|
CK Hutchison Holdings Limited became the new listed holding company of the Cheung Kong Group in March 2015 and now holds all of the non-property businesses of the Cheung Kong Group and the Hutchison Group. With the completion of the remaining part of the transaction in June 2015, Cheung Kong Property Holdings Limited became the new listed holding company which holds the property businesses of the Cheung Kong Group and the Hutchison Group.
The transaction included the transfer to the Hutchison Group of around 6 per cent of the shares of Husky Energy Inc. in exchange for shares of CK Hutchison Holdings Limited.
Bennett Jones LLP was Canadian corporate, securities and regulatory counsel for Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited, with a team led by Marvin Yontef and including Jeffrey Kerbel, David Spencer, Kris Hanc and Daniel Masliyah (M&A and securities) and Melanie Aitken and Adam Kalbfleisch (competition/regulatory).
Stikeman Elliott LLP was Canadian tax counsel for Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited. The Stikeman Elliott team was led by Ron Durand (tax) and included David Weekes and Lindsay Gwyer (tax); Elizabeth Breen and Paul Rakowski (corporate).
Skadden, Arps, Slate, Meagher & Flom LLP acted as US corporate and securities counsel for CK Hutchison Holdings Limited with a team led by Eric Cochran.
In Hong Kong, Woo Kwan Lee & Lo acted as Hong Kong counsel to Cheung Kong (Holdings) Limited, CK Hutchison Holdings Limited and Cheung Kong Property Holdings Limited. The team from Woo Kwan Lee & Lo was led by Angelina Lee and included Frank Yuen and Ginger Keung.
Freshfields Bruckhaus Deringer acted as counsel to Hutchison Whampoa Limited and its related entities and as international counsel to Cheung Kong Property Holdings Limited.
The Freshfields team was led by Grace Huang, Teresa Ko and Ken Martin, Daniel French, Andrew Heathcote, William Robinson and Georgia Dawson. The team was based in the firm’s Hong Kong office.