Beijing Gas Group Co intends to acquire about 20% equity interest in VCNG with consideration of about US$1.12bn.
The transaction, in high conformity to the “the Belt and the Road” national strategy, is a new milestone in energy cooperation between China and Russia.
We conducted legal due diligence on VCNG and reviewed lots of complicated qualification documents, project documents and business contracts.
We assisted the acquiring party to complete lots of pre-approval in both of China and Russia.
We endeavoured to minimise the adverse impact caused by the economic sanction imposed by US and EU on Russia.