Cosco Shipping Holdings $6.3 billion acquisition of Orient Overseas

11/7/2017

Public acquisition

Value:

$ 6.3 billion

Status:

Announced

Date:

11/7/2017

Overview:

Cosco Shipping Holdings has acquired Orient Overseas for $6.3 billion.
Coscos's shares are listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
UBS has acted as Cosco's financial adviser.
Orient Overseas is one of the world's largest container shipping companies.

Katrin Kostadinova - Data analyst

Jurisdictions:

China
Hong Kong SAR

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Hong Kong

Industry sector:

Shipping

Firms:

Kirkland & Ellis

Party: UBS (Financial adviser)

Lawyer: Nicholas Norris

Paul Hastings

Party: Cosco Shipping Holdings (Acquirer)

Lawyer: Raymond Li

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