Van Campen Liem assisted General Electric in its completion of the transfer of ownership of the three GE/Alstom power and grid JV’s

Van Campen Liem has assisted General Electric Company (“GE”) in connection with the completion of the transfer of ownership of the three joint ventures that were established at closing of the acquisition of Alstom’s Power and Grid assets in November 2015. The transfers completed on October 2, 2018, give GE full ownership of the three former JVs. As a result of the transfers, GE paid to Alstom an aggregate amount of approx. USD 3 billion.

During 2015, Van Campen Liem also assisted GE in connection with its initial USD 10.6 billion acquisition of Alstom’s power and grid businesses, and the establishment of the three joint ventures.

The Van Campen Liem team that has worked on the transaction included Edwin Liem, Wouter Casteleijn and Rachel van der Jagt.

For more information, please visit https://www.genewsroom.com/press-releases/alstom-and-ge-complete-transfer-ownership-three-jvs-284518

For the November 2015 transaction, please visit http://www.genewsroom.com/press-releases/ge-completes-acquisition-alstom-power-and-grid-businesses-282159