RTPR, working with A&O Shearman, has advised Aramco on its investment in Horse Powertrain via a 10% equity interest acquisition, alongside Renault Group, Zhejiang Geely Holding Group, and Geely Automobile Holdings Limited.
The transaction remains contingent on regulatory approval. The price to be paid at closing, according to RTPR, will be based on a EUR 7.4 billion enterprise valuation.
Aramco is an integrated energy and chemicals company.
Horse Powertrain is a joint venture formed by Renault Group and Geely (as reported by CEE Legal Matters on July 28, 2023).
The RTPR team included Managing Partner Costin Taracila, Partner Roxana Ionescu, Managing Associate Andrei Tosa, Senior Associates Marina Fecheta-Giurgica and Diana Dimitriu, Associates Flavia Mincu and Serban Halmagean, and Junior Associates George Capota, Irina Marinescu, Maria Luca, and Daria Spatariu.
RTPR did not respond to our inquiry on the matter.
