Fund controlled by The Deng Family agreed to acquire 60% stake in recycling unit in China and European services business from ALBA SE (DB:ABA) on October 3, 2016. For the year ended December 31, 2015 Recycling unit in China and European services business reported revenue of €900 million. The transaction is subject to approval from regulators in Germany, China and Poland. The transaction is expected to close in early 2017. Lazard Ltd. acted as financial advisor and Thomas Dörmer, Tim Heitling, Christian Atzler, Holger Ellers, Daniel Neudecker, Holger Engel Kamp, Giannina Kreutz, Fabian Hertel, Lipei Shi, Michael Fammler, Benjamin Koch, Markus Hecht, Martina Bannasch, Oliver Socher, Steffen Scheuer and Katja Haeferer of Baker & Mckenzie acted as legal advisors to ALBA. Michiel Huizinga, Sana Link, Johanna Marniok , Marc Stock , Christian Ostermöller , Norman Wasse , Aian Dengler , Rudolf Haas , Sabine Schomaker , Barbara Geck , Daniela Gudat , Lars Reubekeul , Florian Biesalski , Lukas Weidner, Christina Konzelmann , Stefan Krüger , Caroline von Nussbaum, Massimo Bellitto-Grillo, Stefan Peintinger, Tilman Siebert , Helge Aulmann , Simon Vogel, Karsten Rahm, Roberto Pomares , Fátima García de la Torre , Gao Chunkai and Liu Feng of King & Wood Mallesons acted as legal advisors to Fund controlled by The Deng Family.