APP / Bohui Merger

In December 2019, Asia Pulp & Paper, one of the largest pulp and paper companies in the world, announced its acquisition of Shandong Bohui, a leading Chinese supplier of pulp and paper. Compass Lexecon was retained by Asia Pulp & Paper to provide economic analysis to assist with its regulatory approval in China. The Compass Lexecon team applied various economic tools to determine the appropriate antitrust relevant markets and demonstrated through economic analyses that the transaction is unlikely to have any anticompetitive effects.

In June 2020, the State Administration for Market Regulation (SAMR) of China approved the transaction without condition.

A Compass Lexecon team, led by Dr. Elizabeth Wang, including Dr. Kun Huang, Dr. Aston Zhong, and Dr. Lily Chen, worked closely with Zhifeng Chai of King & Wood Mallesons on this matter.