Jurisdiction - China
News
China – Skadden Advising China XD Electric in USD 535m JV with GE.

8 May, 2012

 

 

Skadden is representing China XD Electric Co., Ltd. in its joint venture with the digital energy business of General Electric Company to deliver a full line of electric transmission and distribution and grid automation services.  As part of the joint venture GE will acquire a 15 percent equity stake in XD Electric for approximately US$535m. China XD is the world's premier supplier of smart grid primary equipment and a Chinese state-controlled conglomerate listed on the Shanghai Stock Exchange. GE’s Digital Energy Business is a supplier of smart grid secondary equipment. 
 
Leading the Skadden team are Gregory Miao, Partner, Shanghai and Hong Kong, Daniel Dusek, Partner, New York and Beijing and Zhan Zhao, Shanghai.
 
Haiwen & Partners served as PRC counsel to XD with a team led by Jiping Zhang and Liping Li. Weil, Gotshal & Manges LLP represented GE with a team led by Steven Xiang.
 
For further information, please contact:
 
Andrew Towler, Skadden, Arps, Slate, Meagher & Flom
 

 

Leave a Reply

You must be logged in to post a comment.