Baker & McKenzie has advised Weichai Power on Antitrust matters regarding a “strategic partnership”with
Kion Group.
Here’s the press release…
The Chinese construction machine manufacturer Weichai Power is investing EUR738 million in order to enable a capital increase and acquire a 25% stake in Kion. As a result, Weichai gains the majority shareholding in the hydraulic business of KION amounting to 70%. This transaction represents the largest Chinese direct investment in Germany to date.
?This investment strengthens our client?s market position in Europe in being the major shareholder in KION. In this transaction, Weichai builds on our capabilities in European merger control proceedings and on our knowledge in Antitrust proceedings in Turkey,? says Thomas Gilles, Head of Baker & McKenzie Germany’s China desk.
Baker & McKenzie regularly advises Chinese investors on transactions such as Sany Heavy Industries on the acquisition of Putzmeister Group, and the shareholder of Kiekert AG on the sale of its interests to the Chinese Hebei Lingyon Industrial Group Co.
Baker & McKenzie Team
Lead:
Dr. Thomas Gilles (Partner, Head of Baker & McKenzie Germany’s China-desk, Frankfurt), Christian Horstkotte (Partner, Antitrust, D?sseldorf)
Team:
Dr. Nikolaus Reinhuber (Partner, Frankfurt)
Christian Atzler (Partner, Frankfurt)
Sarwenaz Kiani (Associate, Frankfurt)
Katerina Schenkova (Associate, D?sseldorf/Prague)
Alexandr C?sar (Partner, Prague)
Andreas Traugott (Partner, Vienna)
Marc Lager (Associate, Vienna)
Zumrut Esin (Partner, Istanbul)
Derya Genc (Counsel, Istanbul)
Ceren Altinoz (Associate, Istanbul)
