22 January, 2015

Ashurst Hong Kong has advised  trading and investment company ITOCHU Corporation on a HKD 80.3bn (approximately USD 10.4bn) investment to acquire a 20% strategic stake in CITIC Limited together with Charoen Pokphand Group (CP Group), and a three-way strategic co-operation agreement between ITOCHU, CP Group and CITIC.

The Ashurst team was led by Hong Kong office managing partner Robert Ogilvy Watson, and assisted by partners Dominic Gregory and Michael Sheng

Ms Mitsuru Claire Chino, Executive Officer and General Counsel of ITOCHU Corporation commented:

“We are eternally grateful to Robert Ogilvy Watson and all of the Ashurst lawyers working on this project as well as the office staff members for their great work and support, which was critical for us to successfully finalise this historic transaction in a timely and efficient manner.”

Robert Ogilvy Watson commented:

“We are delighted to have advised ITOCHU on this transformational investment.  It is a privilege for us to support ITOCHU on a transaction of such strategic importance and to work with CITIC, CP Group and their advisers.”

Conventus Law