Linklaters and Simpson Thacher & Bartlett have taken lead roles on the landmark acquisition by Chinese conglomerate Sanpower Group of a majority stake in iconic UK retailer House of Fraser.
The Shanghai Stock Exchange-listed subsidiary of Sanpower, Nanjing Cenbest, has acquired an 89% stake in the 165-year old British department store in a £480m deal which is expected to close in four months.
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