Linklaters and Simpson Thacher & Bartlett have scored the leading roles on Chinese conglomerate Sanpower Group’s purchase of an 89% stake in department store chain House of Fraser.
April 14, 2014 at 07:53 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters and Simpson Thacher & Bartlett have scored the leading roles on Chinese conglomerate Sanpower Group’s purchase of an 89% stake in department store chain House of Fraser.
Sanpower, which is listed on the Shanghai Stock Exchange, is set to buy the stake in the 165 year-old UK and Ireland brand through subsidiary Nanjing Cenbest in a deal worth around £480m. The acquisition is expected to close in four months.
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