Jurisdiction - Hong Kong
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Skadden Advises Fortune Dynasty In Its Acquisition Of Fortune Oil PLC.

21 December, 2014

 

Skadden is advising Fortune Dynasty (a joint venture between the Vitol Group and Hong Kong businessman Daniel Chiu) in connection with its recommended acquisition of LSE-listed Fortune Oil plc that values Fortune Oil at up to £388m (US$606 million).

 

The deal was announced on 18 December 2014 and is expected to complete in March 2015.  The Skadden team includes partners Shaun Lascelles (London, corporate), Clive Rough  (Hong Kong, banking), and Tim Sanders (London, tax).

 

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