The largest recent transactions, all worth at least $500 million, involving targets or acquirors from each of six Asian jurisdictions or regions: China/Hong Kong, Japan, South Korea, India, Australia, and Southeast Asia. All deals were announced between April 1, 2010, and October 1, 2010. Deals that were pending at press time are starred ( * ). Research by mergermarket and Rebecca Geiger.

 


INDIA 


Target: Cairn India Limited (60% stake) *
Counsel: S&R Associates; Shepherd & Wedderburn
Seller: Cairn Energy Plc
Counsel: S&R Associates; Shepherd & Wedderburn
Bidders: Vedanta Resources Plc (Vedanta Group); Sesa Goa Limited
Counsel: AZB & Partners; Latham & Watkins
Counsel to financial advisers J.P. Morgan Cazenove and Morgan Stanley: Freshfields Bruckhaus Deringer
Value: $9.6 billion

Target: Piramal Healthcare Solutions business
Seller: Piramal Healthcare Limited
Counsel: Crawford Bayley & Company; Stephenson Harwood
Bidder: Abbott Healthcare Private Limited (Abbott Laboratories)
Counsel: Baker & McKenzie; Luthra & Luthra Law Offices
Value: $3.8 billion
 
Target: Broadband Wireless Spectrum (22 service areas)
Seller: Government of India Department of Telecommunications Ministry of Communications & IT
Counsel: not available
Bidders: Reliance Industries Limited and Infotel Broadband Services Private Limited
Counsel: Khaitan & Co
Counsel for financial adviser The Royal Bank of Scotland: Linklaters; Juris Corp
Value: $2.8 billion
 
Target: 3G Spectrum (13 service areas)
Seller: Government of India Department of Telecommunications Ministry of Communications & IT
Counsel: not available
Bidder: Bharti Airtel Limited
Counsel: not available
Value: $2.7 billion
 
Target: 3G Spectrum (nine service areas)
Counsel: not available
Seller: Government of India Department of Telecommunications Ministry of Communications & IT
Counsel: not available
Bidder: Vodafone Essar Limited
Counsel: not available
Value: $2.5 billion


CHINA / HONG KONG
Target: Électricité de France SA (U.K.–based distribution network)
Seller: EDF Energy plc
Counsel: Herbert Smith/Gleiss Lutz/Stibbe
Bidders: Cheung Kong Infrastructure Holdings Limited; Hongkong Electric Holdings Limited; Li Ka Shing (Overseas) Foundation; and Li Ka Shing Foundation Limited
Counsel: DLA Piper
Counsel for financial adviser The Royal Bank of Scotland Group: Allen & Overy
Value: $9.4 billion
 
Target: Syncrude Canada Ltd (9.03% stake)
Counsel: not available
Seller: ConocoPhillips
Counsel: Osler, Hoskin & Harcourt
Bidder: Sinopec International Petroleum Exploration and Production Corporation
Counsel: Blake, Cassels & Graydon
Value: $4.7 billion
 
Target: Shenzhen Development Bank Co. Ltd (32% stake) *
Bidder: Ping An Insurance (Group) Company of China Ltd
Counsel: Deheng Law Firm
Value: $4.2 billion
 
Target: Denway Motors Limited (62.1% stake)
Counsel: Woo Kwan Lee & Lo
Seller: Denway Optionholders
Bidder: Guangzhou Automobile Group Co., Ltd.
Counsel: Beijing Tianyin Law Firm; Freshfields Bruckhaus Deringer
Counsel to joint financial sponsors: King & Wood
Counsel to joint financial sponsors J.P. Morgan Securities (Asia Pacific) Limited; Morgan Stanley Asia Limited; and China International Capital Corporation Hong Kong Securities Limited: Woo Kwan Lee & Lo
Value: $3.3 billion
 
Target: Hua Xia Bank Co Limited (27.15% stake) *
Counsel: Concord & Partners
Bidders: Deutsche Bank Luxembourg SA; Shougang Group Corporation; and State Grid Corporation of China
Counsel: Freshfields Bruckhaus Deringer
Value: $3.0 Billion

JAPAN