Advising the Chinese Yankuang Energy Group Company on the acquisition of a majority stake

The closing of the agreements is still subject to the fulfilment of customary closing conditions, in particular the conclusion of the public investment control procedure in Germany and the granting of official approvals in China and other jurisdictions. Yankuang Energy Group Company Limited is based on the industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and intelligent logistics. It is a large Chinese energy company listed on four major stock exchanges in China and beyond (Shanghai, Hong Kong, New York, Australia).

At the same time, SMT Scharf AG announces that it intends to apply for admission of the shares of SMT Scharf AG to the regulated market of the Frankfurt Stock Exchange and to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) as soon as the agreements are finalised.

This is a typical multi-jurisdictional complex transaction requiring legal advice in various countries, including Germany, China, Poland, South Africa, Canada, Chile and Russia.

"I am delighted that we were able to successfully bring this transaction to signing. It is one of the significant transactions on which Eversheds Sutherland in Germany and King & Wood Mallesons in China have worked together intensively since the announcement of the strategic co-operation last July. This shows that together we are able to provide high quality legal advice for complex cross-border transactions. The lawyers from Eversheds Sutherland in Germany and King & Wood Mallesons in China (who coordinated the work in other jurisdictions) worked hand in hand and jointly contributed to the success of this Sino-German project." - Dr Sandra Link (Partner, Eversheds Sutherland, M&A, Frankfurt)

The Eversheds Sutherland team was led by Dr Sandra Link (Partner, M&A, Frankfurt) and supported by Marian Wiezcorke (Counsel, M&A, Frankfurt), Heling Zhang (Senior Professional Support Lawyer, Frankfurt), Bohan Wan (Professional Support Lawyer, Frankfurt) and Dr Daniel Giese (Associate, M&A, Düsseldorf) as well as lawyers from other practice areas. In Poland, a team led by Ewa Szlachetka (Partner, M&A, Warsaw) provided advice.