18 June 2020

Biggest M&A deal ever in electric vehicle sector in China, counselled by Freshfields

Global law firm Freshfields Bruckhaus Deringer LLP, has advised German automaker Volkswagen in regards to its major investments in Chinese state-owned automobile and commercial vehicle manufacturer Anhui Jianghuai Automobile Group (“JAC Motors”), as announced in a press release of June 16th, 2020. 

This transaction is the largest M&A deal in China´s electric vehicle sector to date, and an important project under China´s “mixed ownership” reform of state-owned enterprises. Under the terms of the agreement, Volkswagen is going to take a 50 per cent stake in JAC Motors and increase its holding in the existing JAC-Volkswagen joint venture from 50 to 75 percent for around 1 billion euros. 

Partners Yuxin Shen and Alan Wang led the Freshfields team advising on the deal, with partner Ninette Dodoo giving antitrust advice. 

Copyright © The Impact Lawyers. All rights reserved. This information or any part of it may not be copied or disseminated in any way or by any means or downloaded or stored in an electronic database or retrieval system without the express written consent of The Impact Lawyers. The opinions expressed in this article are those of the authors and do not necessarily reflect the positions or policies of The Impact Lawyers.

Would you like to read more?

The Impact Lawyers offers a FREE newsletter that keeps you up to date on news and analysis about the international latest legal news.
Please complete the form below and click on subscribe to receive The Impact Lawyers Newsletter subscription

Subscribe for free

The Impact Lawyers Newsletter

  • Practical templates and guides for lawyers and law firms
  • Podcasts, videos and webinars explaining how to be sucessful
  • Tips made by lawyers and other practitioners