2-stroke ship engine joint venture of Wärtsilä with Chinese state company successfully closed
Led by partner Oliver Blum, Head of M&A of CMS Switzerland, CMS advised the Finnish global power solutions provider Wärtsilä in the restructuring of its Swiss business so as to separate the development, design and licensing of 2-stroke ship engines, as well as in the subsequent disposal of 70% of the respective Swiss company to China State Shipbuilding Corporation (CSSC), which has successfully closed on January 19, 2015.
CMS Switzerland also advised Wärtsilä on all aspects of the structuring of the joint venture.
CMS Zurich lawyers:
Oliver Blum: Lead / M&A
Daniel Burkhard: M&A
Franziska Hammer: Corporate
Andrea Ferchl: Corporate
Thomas Zweifel: Real Estate
In addition, Stefan Lehr of CMS Hasche Sigle in Frankfurt coordinated the international merger control procedures.