Jurisdiction - China
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


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