Clifford Chance, Linklaters advise on China Construction Bank deal

Magic circle firms Clifford Chance and Linklaters have won lead roles on China Construction Bank's acquisition of AIG Finance, the consumer finance operations of the AIG group in Hong Kong. China Construction Bank plans to acquire the outstanding shares of AIG Finance for USD 70m and will significantly expand the bank's consumer finance business in Hong Kong. The deal is still subject to regulatory approval. The Clifford Chance is advising China Construction Bank with a team led by Amy Lo and Simon Cooke. Linklaters is acting for AIG with a team led by Andrew Mackie.

Clifford Chance, Linklaters advise on China Construction Bank deal asia.legalbusinessonline.com Tue, Aug 18, 2009