Gide is advising Total on the sale of its polystyrene business in China to INEOS Styrolution, the leading global styrenics supplier. The sale includes two facilities with annual production capacities of 200,000 tons each, located in Ningbo, Zhejiang Province, and Foshan, Guangdong Province.
The transaction is subject to the approval of regulatory authorities.
Gide is advising Total on all legal and tax aspects of the project, including legal vendor due diligence, structuring, and negotiation and drafting of the transaction documents.
The Gide team is headed by partners Guo Min and David Boitout, working with associates Zhao Jingjing and Gao Nannan.