Privatisation

Our key experience includes advising:

The UK Government on the privatisation of the electricity and gas industries.

The UK Government on the restructuring of British Energy, including credit facilities provided by the UK Government and arrangements for the UK Government to take over responsibility for British Energy's historical nuclear liabilities.

The Department for Trade and Industry on the sale of part of its interest in British Energy Group plc.

HM Treasury on the transfer of Northern Rock and Bradford & Bingley into public ownership and the significant investment in RBS and Lloyds Banking Group.

The Department for Transport on the public/private partnership for National Air Traffic Services.

Mass Transit Railway Corporation, the operator of Hong Kong's subway system, on its US$1 billion partial privatisation.

China National Building Material Company, a PRC state owned enterprise, on its listing in Hong Kong and international public offering.

The joint global co-ordinators on the US$1.4 billion global offering of shares by China Telecom Corporation.