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Orange and MASMOVIL completed the formation of a joint venture in a €19.6bn deal.

Royal Bank of Canada completed the acquisition of HSBC Canada for $9.96bn.

PAG Asia Capital and Dalian Wanda Commercial Management to acquire Newland Commercial Management from Dalian Wanda Group for $8.3bn. (Financial Sponsors)

CH-AUTO went public via a SPAC merger with Mountain Crest Acquisition IV in a $2.7bn deal.

Neoen said to study raising €1bn from Australia stake sale.

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Orange and MASMOVIL completed the formation of a joint venture in a €19.6bn deal.

Telecom giants Orange and MASMOVIL completed the formation of a joint venture to operate in the Spanish telecoms market, in a €19.6bn ($21.1bn) deal. Orange and MASMOVIL’s shareholders each own a 50% stake of the JV, with equal governance rights in the combined entity.

“Today’s announcement is an important stepping-stone in the deployment of Orange’s long-term strategic plan in Europe. By creating a stronger and more sustainable player, the joint venture launched today will help drive innovation and investment in high-speed broadband and digital services in Spain. This is clearly a positive step forward in our overall vision for a strong and thriving telecoms industry in Europe," Christel Heydemann, Orange CEO.

Orange was advised by 法国巴黎银行 , 安永 , J.P. 摩根 , Lazard , Santander , 法国兴业银行 , Evergreen Legal , 富而德律师事务所 , Gide , 众达律师事务所 , Latham & Watkins , Pérez-Llorca , Simpson Thacher & Bartlett LLP and 年利达 . MASMOVIL was advised by 法国巴黎银行 , Evercore , 高盛 , 普华永道 , Rothschild & Co and 富而德律师事务所 .

Royal Bank of Canada completed the acquisition of HSBC Canada for $9.96bn.

RBC , a multinational financial services company, completed the acquisition of 汇丰 Canada, a commercial bank based in Vancouver, for $9.96bn.

"RBC's acquisition of HSBC Canada expands the depth and breadth of our international banking capabilities and builds our ability to connect Canadians to the global economy. Through this combination, RBC is now exceptionally positioned as the bank of choice for commercial clients with international needs, newcomers to Canada and affluent clients who need global banking and wealth management capabilities," Neil McLaughlin, RBC Group Head of Personal & Commercial Banking.

Royal Bank of Canada was advised by 高盛 , RBC Capital Markets , Allen & Overy (led by Duncan Bellamy ), Blake, Cassels & Graydon LLP , Wachtell, Lipton, Rosen & Katz (led by Jacob Kling and Edward Herlihy) and Community (led by Auro Palomba ). HSBC was advised by 汇丰 , J.P. 摩根 , Stikeman Elliott LLP (led by Peter Hamilton ), Sullivan & Cromwell LLP (led by Mitchell Eitel ), 博然思维集团 and 年利达 (led by Derek Tong and Christopher Yip ).

PAG Asia Capital and Dalian Wanda Commercial Management to acquire Newland Commercial Management from Dalian Wanda Group for $8.3bn. (FS)

PAG , an Asia-focused Alternative Investment firm, and Dalian Wanda Commercial Management, a hotel management brand, agreed to acquire Newland Commercial Management, a newly formed holding company of Zhuhai Wanda Commercial Management Group, from 万达集团 , a private property developer, for $8.3bn.

The investment will facilitate corporate governance independent from Newland’s former parent, provide better incentives for its management and support continued operational improvement.

CH-AUTO went public via a SPAC merger with Mountain Crest Acquisition IV in a $2.7bn deal.

CH Auto , an electric vehicle manufacturing and design service company, went public via a SPAC merger with Mountain Crest Acquisition Corp. IV (Nasdaq: MCAF) , a blank check company, in a $2.7bn deal.

“I am thrilled to see the successful completion of another business combination of the Mountain Crest franchise, and CH Auto, as one of the first EV automakers in China with proven technology breakthroughs and manufacturing expertise, is tackling an important mission to deliver innovation and growth in electric mobility,” Suying Liu, Mountain Crest Chairman, CEO and CFO.

CH-AUTO was advised by China Bridge Capital , Harneys , 君合律师事务所 and Wilson Sonsini Goodrich & Rosati . Mountain Crest was advised by Loeb & Loeb LLP .?

Neoen said to study raising €1bn from Australia stake sale.

French renewable energy developer Neoen is considering selling a 30% stake in its Australian unit to raise more than €1bn ($1.1bn) to fund its growth in the country, Bloomberg reported.

The sale would be part of Neoen’s plan to expand in Australia and elsewhere beyond 2025 without having to resort to a new share sale by the Paris-based parent company.

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