DEALS

entity. Under the direct leadership of the State Council, the bank is dedicated to supporting China’s foreign trade, investment and international economic cooperation. Beijing partner Ying White led the firm’s team in the transaction.

Cyril Amarchand guarantee from the World Bank’s Multilateral Investment Agency (MIGA), on which the firm also advised. The MIGA-backed financing facility was the first green loan obtained by PLN and by any state-owned enterprise in Indonesia. Partner Indri Pramitaswari (Mita) Guritno and associate partner Agung Wijaya at Indonesian member firm HHP Law Firm, and principal Kah Chin Chu at Singapore member firm Baker McKenzie Wong & Leow led the firm’s team in the transaction.

Clifford Chance has advised the Export–Import Bank of China , as anchor sponsor, on the US$1 billion target closing of the China-ASEAN Investment Cooperation Fund II. This ASEAN-focused private infrastructure fund will aim to invest across the region in infrastructure and energy resources, with a targeted focus on sustainability and ESG standards. The Export-Import Bank of China is a state-funded and state-owned policy bank with the status of an independent legal

Mangaldas has also advised JP Morgan India, as the broker, on the share sale, over two tranches in October 2022 and January 2023, of 4.4 percent equity stake with an aggregate value of approximately Rs16 billion (US$193m) by Sojitz Corporation in Samvardhana Motherson International (Motherson). The transaction involved the sale of equity shares of Motherson via share sale on the stock exchanges. In the first tranche, Sojitz divested 2.83 percent stake in Motherson for approximately Rs8.26 billion (US$99.7m). The second tranche comprised a sale of 1.57 percent stake by Sojitz in Motherson for approximately Rs7.76 billion (US$93.7m). Western region markets practice head partner Abhinav Kumar led the firm’s team in the transaction, which was signed on 16 January 2023 and closed on 18 January 2023. Ashurst acted as international counsel for the broker.

FenXun Partners, Baker McKenzie’s China Joint Operation partner, is advising leading Chinese e-commerce company JD. com on the listing of its REIT, Harvest Jingdong Warehousing Logistics Close-end Infrastructure Securities Investment Fund,