Alibaba Group Invests More Than US$1 Billion to Increase its Stake in Lazada Group

June 30, 2017

Dechert LLP advised Lazada Group, a leading online shopping and selling destination in Southeast Asia, on a US$1 billion investment from Alibaba Group Golding Limited to increase its Lazada ownership stake from 51% to 83%.

Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of $3.15 billion for the company, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. The transaction will increase Alibaba’s total investment in Lazada to over $2 billion. Lazada will continue to operate under the same brand.

The cross-border Dechert team advising Lazada on this transaction was led by Munich-based corporate partner Federico Pappalardo, and included Munich-based corporate partner Giovanni Russo, national partner Carina Klaes-Staudt, and associates Armin Fary and Karl von Rumohr. Contributions were made in Frankfurt by competition partner Clemens York and associate Laura Stammwitz; and in Luxembourg by financial services partner Jean-Louis Frognet and national partner Laura Rossi.

Read the full press release “Alibaba Increases Stake in E-commerce Platform Lazada.”

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