Freshfields advises on China’s largest-ever electric vehicle deal
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Volkswagen in relation to its major investments in Anhui Jianghuai Automobile Group (‘JAC Motors’). The transaction is the biggest M&A deal in China’s electric vehicle sector to date. It is also an important project under China's ‘mixed ownership’ reform of state-owned enterprises. Under the terms of the deal, Volkswagen will take a 50 per cent stake in JAC Motors and increase its holding in the existing JAC-Volkswagen joint venture from 50 to 75 per cent for around €1bn.
The Freshfields team advising on the transaction was led by partners Yuxin Shen and Alan Wang. Partner Ninette Dodoo provided antitrust advice.
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