Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
Gide has advised Vallourec Tubes SAS on its HKD 846.6 million acquisition of 50.61% of the entire issued share capital of Anhui Tianda Oil Pipe Co., Ltd. (TOP, 0839.HK), a Chinese seamless pipe manufacturer listed on the Hong Kong Stock Exchange.
This major transaction for Vallourec is part of its new strategic plan to transform its operational structure and bolster its global competitiveness. Vallourec has held a 19.46% stake in TOP since 2011, and this acquisition will give it a 70.07% controlling interest in the Chinese company.
Vallourec and TOP signed the conditional sale and purchase agreement on 29 January 2016. After the transaction is completed, Vallourec will launch a mandatory general offer to acquire all remaining shares.
Gide acted as lead counsel to Vallourec and advised on the PRC legal aspects of the project. The Gide team, led by partner Thomas Urlacher with the assistance of associates Wu Bin and Ronan Diot, also drafted all contractual documentation, including the sale and purchase agreement. Norton Rose Fulbright advised Vallourec on the Hong Kong law aspects of the transaction, while partner Chunyang Shao and senior associate Teresa Lee of Jun He acted for TOP on the mandatory general offer.
