King & Wood Mallesons is advising China Petroleum & Chemical Corporation (Sinopec Corporation) on a share purchase of oil and gas assets from China Petrochemical Corporation (Sinopec Group), the Chinese state-owned majority shareholder of Sinopec Corporation, a publicly traded company.
Through the formation of a 50/50 joint venture, Sinopec Group will transfer shares of oil and gas assets to Sinopec Corporation. Globally, this transaction is the second-largest equity fundraising so far in 2013.
A combined Australian and Chinese team at King & Wood Mallesons acted as international lead counsel for Sinopec Corporation. The lead partners were Dirk Walker and Dina Yin from Beijing, Scott Gardiner, Lee Horan and Tim Warman from Australia and David Lam from Hong Kong. They were assisted by senior associates Natalya Hards, Robert Wright, Chelsea Spagnolo and Alexei Fedotov.
As international lead counsel, offices of King & Wood Mallesons in China, Australia and Hong Kong advised on all aspects of the transaction for Sinopec Corporation, including drafting and negotiating share purchase agreements, assisting on financing documents and managing document review in multiple jurisdictions.