Clifford Chance Advises Carrefour on Its Proposed Sale of a Controlling Stake in Its Activities in China to Suning.Com
Clifford Chance, a law firm, issued the following news release:
Leading international law firm Clifford Chance has acted as Hong Kong and Dutch legal counsel to Carrefour Nederland B.V. (Carrefour) on the proposed sale of its 80% equity interest in Carrefour China to Chinese electronics and e-commerce retailer Suning.com. The transaction values Carrefour China at an enterprise value of Euros1.4 billion (US$1.58 billion).
With a presence in China dating back to 1995, Carrefour China o...