Slaughter and May and Davis Polk & Wardwell have the lead roles on Chinese e-commerce giant Alibaba Group Holding Ltd.’s $692 million investment in Beijing-based department store operator Intime Retail (Group) Co. Ltd.
As part of the deal, Alibaba will subscribe to shares in Hong Kong-listed Intime worth $214 million as well as bonds worth $478 million, convertible to shares within three years. The transaction will grant Alibaba a maximum stake in Intime of 26.1 percent.
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