25 May 2020
Deals | China | M&A
Gide has advised PSA Group, the French multinational automaker of Peugeot and Citroën-brand vehicles, on the sale of its 50% equity interest in Chang'an PSA Automobiles Co., Ltd. ("CAPSA") to Bao Neng Group.
Chongqing Chang'an Group ("CQCA") has sold at same time the other 50% equity interest in CAPSA to Bao Neng Group through public listing process and CAPSA has accomplished the shareholders' registration alternation and company name change on May 21, 2020.
Gide advice covered deals structuring, drafting and all negotiations of transactional documents, as well as assistance for closing.
The Gide team was headed by partner Fan Jiannian in Shanghai, working with associates Wang Zengyan, Sun Weilong and Li Jing.