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Baker & McKenzie recently advised on a multi-jurisdictional transaction that is part of a wider strategic partnership between China¡¯s leading public port operator and a world-leading container shipping giant.

The firm advised China Merchants Holdings International (CMHI), the largest public port operator in China, on its proposed €400 million (US$520 million) acquisition of a 49% equity interest in Terminal Link, a wholly owned subsidiary of the CMA CGM Group, the world¡¯s third-largest container shipping company.

¡°This transaction involved assets in many countries including France, Morocco, Belgium and the US,¡± Tan Poh Lee, an M&A partner at Baker & McKenzie in Hong Kong, told China Business Law Journal. ¡°Our offices in each of those countries were involved in carrying out due diligence, providing local law advice and assisting with obtaining regulatory approvals where applicable.¡±