Polish Clifford Chance lawyers have advised on antitrust filings for the restructuring of China XD Group Xidian and related subsidiaries of the State Grid Corporation.
According to Clifford Chance, “under the restructuring plan, related subsidiaries of State Grid will be merged with Xidian into a new company, China Electrical Equipment Group Co., Ltd., which will produce equipment related to electric transmission and distribution.”
According to the firm, both Xidian and State Grid are ranked among the largest electric companies in China and Fortune Global 500. “Under the restructuring plan, both companies will combine their assets valued at close to RMB 120 billion (USD 18.88 billion) and fold into China Electrical Equipment Group, which has four listed companies.” China Electrical Equipment Group operates across more than 60 countries and regions around the world.
Clifford Chance’s team included Warsaw-based Counsel Iwona Terlecka and Associates Marta Szczecinska and Anna Lyczakowska with further team members in Beijing and Dusseldorf.
