CMS ad­vises Wärt­silä in 2-stroke ship en­gine joint ven­ture with Chinese state com­pany

24/07/2014

Finland-based global power solutions provider Wärtsilä restructures its Swiss business so as to separate the development, design and licensing of 2-stroke ship engines, in which China State Shipbuilding Corporation (CSSC) has agreed to acquire 70%, with the remaining 30% continued to be held by Wärtsilä. Closing of the transaction is still subject to approval by the competent competition authorities and the Chinese government.   Led by M&A partner Oliver Blum, Head of Corporate Transactions of CMS Switzerland, CMS advises Wärtsilä on all aspects of the restructuring, the majority disposal and 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 advises on international merger control.

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Oliver Blum, M.A.E.S., LL.M.
Partner
Zurich
Picture of Daniel Burkhard
Daniel Burkhard, LL.M.
Associate
Zurich
Photo of Franziska Hammer
Franziska Hammer
Counsel
Zurich
Photo of Andrea Frechl
Andrea Relly
Associate
Zurich
Picture of Thomas Zwifel
Thomas Zweifel, LL.M.
Associate
Zurich
Stefan Lehr
Stefan Lehr
Partner
Frankfurt
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