CC and Baker McKenzie advise as China joint venture pays $4.5bn for German energy smart meter company

Clifford Chance and Baker McKenzie advise on the €4.5bn (£4.03bn) takeover of German metering and energy management group company Ista by a CK Infrastructure Holdings (CKI) and Cheung Kong Property Holdings joint venture, as Chinese buyouts of European companies rise.

German firm Hengeler Mueller is acting for the vendors CVC Capital Partners Fund V.

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