Gloria Wang

Gloria’s significant experience includes representing:*

Energy:

• CNODC on its participation in the ToR+ PSC for Buzios area in Brazil. In this project, CNODC joined the consortium consisting of itself, CNOOC, and Petrobras that acted as the contractor under the PSC for exploration and production of the surplus volume of production in the Buzios area that exceeds the contracted volume under the existing Transfer of Right contract with Petrobras. The deal involves the payment by CNODC and CNOOC of a signature bonus of approximately US$1.7 billion and a compensation payment to Petrobras by the consortium of approximately US$29 billion.The legal work involves negotiation of a suite of interlinking and highly complex upstream and financing documents, including the first Co-participation Agreement in the history of Brazil.
• CNODC on the joint operating agreement in connection with the ARAM block in the Santos basin of Brazil.
• China Machinery Engineering Corporation on its development of an LNG project comprising an LNG receiving terminal and a gas-fired power plant near the port of Hambantota, Sri Lanka.
• PT Medco Energi Internasional Tbk on its takeover offer for Ophir Energy plc, an independent exploration and production company listed on the London Stock Exchange with oil & gas assets across different jurisdictions.
• United Energy Group on its acquisition from OMV through auction process of the upstream natural gas interests and the associated processing facilities in Pakistan.
• A China-based PE firm on its proposed acquisition through auction process of the upstream natural gas interests and the associated pipeline interests in Myanmar from Chevron.
• A large Chinese state-owned petrochemical company on the development of multi-billion dollar petrochemical complex in the Mid-Atlantic region of the United States utilizing natural gas liquids produced from the Appalachian supply basin.
• China Machinery Engineering Corporation on its development, construction, and operation of a solar photovoltaic power station in Hulhumalé, Maldives, the first overseas investment project by CMEC targeting renewable energy.

Others:

• China Reinsurance (Group) Corp. on its acquisition from Hanover Insurance Group of 100% equity stake in Chaucer, a Lloyd’s-focused international specialty business, for a consideration of US$950 million.
• ServiceMaster, a pest control company listed on the NYSE, in formulating and executing its strategy to establish presence in China, including the establishment of its wholly owned subsidiary and its acquisition of several domestic Chinese companies engaged in the pest control business.
• GE in connection with the sale of GE Appliances business to Haier, a transaction valued at US$5.4 billion.
• HNA Group on its sale of Radisson Hotel Group, which runs brands such as Radisson, Park Inn by Radisson, and Country Inn, to a consortium formed by state-owned hotel group Jinjiang International and SINO-CEE Fund.
• PowerChina Real Estate Group Ltd. (PCRE), a Chinese state-owned enterprise, on the formation of a joint venture with Eco World Development Group, a Malaysia-based real estate developer, for the development of Eco Business Park V, Phase 2 (for industrial use), in Puncak Alam, Selangor, Malaysia.
• ManpowerGroup, a world leading workforce solution expert listed on NYSE, in connection with the restructuring of its business operations in the Greater China region and establishment of a joint venture with CITIC PE to operate its business post-restructuring.
• Zhong Ao Home Group, a HKEX company engaged in the provision of property management services, in connection with its acquisition of majority equity interests of two Chinese property management firms.
• Industrial and Commercial Bank of China (ICBC), the largest bank in the world by market capitalization, in connection with its acquisition of Bank SinoPac, a Taiwanese bank. The transaction is the first acquisition of financial institutions in Taiwan by a Chinese bank.

*Includes matters completed prior to joining Sidley