China Merchants Holdings (International) Company Limited (SEHK:144) entered into a share purchase agreement to acquire 23.5% stake in Port of Djibouti from Djibouti Ports & Free Zones Authority for approximately $190 million in cash on December 29, 2012. Erik Richer La Flèche, Ma Ry Tran and Lana Rabinovitch of Stikeman Elliott LLP acted as the legal advisors to Port of Djibouti in the transaction. Roger Ho, Henry Lau, Stephen Wong, Carol Cao, Cheng Jun, Li Rui, Yao Jian of Zhong Lun acted as legal advisors for China Merchants Holdings (International) Company Limited.

China Merchants Holdings (International) Company Limited (SEHK:144) completed the acquisition of 23.5% stake in Port of Djibouti from Djibouti Ports & Free Zones Authority in February, 2013.