Kasaroğlu Law Office Participates in GE Acquisition from Alstom 30 November 2015
GE’s acquisition of Alstom's energy business was finalized on November 2, 2015, and brings together two of the world's biggest manufacturers of power plant hardware. The acquired businesses will be reorganized together with GE's existing power generation business (GE Power & Water) as GE Power, headquartered in Schenectady, New York, USA. Of the EUR 12.35 billion sale price, EUR 9.7 billion was transferred to Alstom, with the remainder being reinvested by Alstom in GE/Alstom joint ventures, plus other corrections. Following the acquisition the remainder of the Alstom group refocused entirely on rail transport activities, and acquired GE Signalling.
In Turkey, Alstom was advised by Kasaroğlu Law Office. Managing Partner Hikmet Kasaroğlu and Associate Gülfem Erciyas advised on the Turkish law aspects of the deal.
Source: CEE Legal Matters
