Mandate Vinge advised Sapa on Chinese railways agreement

April 28, 2011

Vinge in Hong Kong has advised Sapa (a wholly owned subsidiary of the Norwegian Orkla ASA) in conjunction with the entry into an agreement with China's largest aluminum company, Chalco, concerning the supply of aluminum profiles to the Chinese railway industry. The joint venture agreement was executed in April this year at a cermony in Beijing attended by 70 specially invited guests. Each party holds 50% of the shares in the joint venture company. In total, the deal relates to an investment of approximately EUR 70 million. The joint venture agreement entails, among other things, that Sapa will be involved in the development of high speed trains for the Chinese market. The agreement has attracted a great deal of interest in both China and Norway.

Vinge's team consisted of Katarina Nilsson, the head of Vinge's China operations.

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