Mergers & Acquisitions
Mergers & acquisitions is one of Weerawong C&P’s four core practice groups. Weerawong C&P represents purchasers, sellers, advisors, lenders and financial intermediaries in domestic and cross-border mergers and acquisitions, leveraged buyouts and divestitures. The Firm acts for Thai and foreign clients on corporate transactions of all kinds, including acquisitions of listed companies, private equity investments and mergers and acquisitions of companies engaged in activities across the full breadth of the Thai economy. We also assist Thai companies on their expansion elsewhere in Asia and around the world.
We advise clients on acquisition financing, regulatory issues, international tax matters, competition law, intellectual property issues, real estate matters and labor and environmental issues that are involved in complex cross-border mergers and acquisitions.
Our special capabilities in cross-border mergers and acquisitions enable our lawyers to be involved in some of Thailand’s largest and most complex local and international transactions.
For example, we recently represented the parties to the US$9.89 billion amalgamation of Rayong Refinery Plc and The Aromatics (Thailand) Plc, represented GE Capital Corp. in its acquisition of a 33 percent interest in Bank of Ayudhya Plc and represented PTT Plc in its US$292 million acquisition of the JET filling station business in Thailand from Conoco Phillips.
Our lawyers have in-depth knowledge of the many issues involved in the formation and implementation of joint ventures in Thailand and across Asia, including relevant government regulations on foreign investment, taxation, competition law, remittance of profits, financing and corporate governance.
Many of our clients in this area are private equity leaders, and we add value in private equity transactions through our extensive experience in structuring bids, negotiating and drafting acquisition and financing documentation and structuring exit strategies for investors.
Some of our recent M&A deals include the following high profile deals:
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CIMB Group’s acquisition of shares in Bank Thai
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GE Capital’s acquisition of shares in Bank of Ayudhaya
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Thanachart Bank and Thanachart Capital’s sale of shares to Bank of Nova Scotia
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TMB Bank’s sale of shares to ING
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PTT’s acquisition of Jet/Jeffy Business from Conoco Phillips
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PTT’s acquisition of shares in Rayong Refinery from Shell
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PTT’s acquisition of shares in Thaioil Power
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Merger of Aromatics (Thailand) (ATC) and Rayong Refinery (RRC), becoming PTT Aromatics & Refinery (PTTAR).
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Thai Oil’s acquisition of shares in Thai Lube Base and Thai Paraxylene.
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Kuwait Petroleum’s sale of its Q8 service stations in Thailand to Malaysia’s Petronas.
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Nakornchuen’s acquisition of shares in Oishi Group
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Krung Thai Bank’s acquisition of shares in TSEC Securities
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KTB Securities’ acquisition of investment banking/securities trading and related business from Seamico Securities
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Muangthai Insurance’s sale of shares to Fortis Insurance International NV
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Bencharongkul Family’s sale of shares in UCOM to a Telenor subsidiary
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Haier Group’s acquisition of shares in Sanyo Universal
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Tata Iron & Steel’s acquisition of shares in Millennium Steel from Siam Cement
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Business merger of Samitivej and Bangkok Dusit Hospital
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