DEALS
Zhong Lun Advised ZF Group on Transfer of Rubber Metal and Plastics Business and Assets to TMT
Zhong Lun Advised ZF Group on Transfer of Rubber Metal and Plastics Business and Assets to TMT
In December 2013, ZF Friedrichshafen AG (“ZF Group") and Zhuzhou Times New Material Technology Co., Ltd. (“TMT", Stock Code: 600458) signed a Master Purchase Agreement for the transfer of ZF Group’s global rubber metal and plastics business and assets to TMT. The total consideration for the transaction is EURO 290 million, and the transaction is expected to be closed in July 2014.
As ZF Group’s PRC counsel, a legal team led by Dr. Scott Guan and Ricky Luo from Zhong Lun’s Shanghai Office provided a full range of legal support to the transaction, and advised ZF Group on information disclosure of listed company for major assets restructuring, approvals from State-owned Assets Supervision and Administration Commission, National Development and Reform Commission, Ministry of Commerce, State Administration of Foreign Exchange and China Securities Regulatory Commission, anti-trust filing, and transfer of employees, etc.
