Davis Polk & Wardwell, Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have advised as Chinese retailer Wumart Stores agreed to take a minority stake in Thai supermarket chain CP Lotus for HK$2.3bn (£185m). The deal will see Wumart take possession of 36 Lotus supermarkets in mainland China including those in Beijing and Shanghai, but will not include Lotus' stores in the Guangdong and Hunan provinces.
October 17, 2013 at 01:25 AM
1 minute read
The original version of this story was published on Legalweek
Davis Polk & Wardwell, Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have advised as Chinese retailer Wumart Stores agreed to take a minority stake in Thai supermarket chain CP Lotus for HK$2.3bn (£185m).
The deal will see Wumart take possession of 36 Lotus supermarkets in mainland China including those in Beijing and Shanghai, but will not include Lotus’ stores in the Guangdong and Hunan provinces.
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