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US firms Latham & Watkins and Cleary Gottlieb Steen & Hamilton are advising as German industrial group Siemens and French rival Alstom agree to merge their rail operations.

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Rose Walker

Rose joined Legal Week in 2015 and was appointed news editor in 2019. She covers a variety of UK and international law firms.

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Law Firms Mentioned

<a href="http://www.almcms.com/contrib

  • Cleary Gottlieb Steen
  • Freshfields Bruckhaus Deringer

/uploads/sites/378/2017/04/High-Speed-Train-Article-201704101707.jpg"><img class="alignleft size-full wp-image-59939" src="http://www.almcms.com/contrib

  • Cleary Gottlieb Steen
  • Freshfields Bruckhaus Deringer

/uploads/sites/378/2017/04/High-Speed-Train-Article-201704101707.jpg" alt="" width="616" height="372" /></a> US firms Latham &amp; Watkins and Cleary Gottlieb Steen &amp; Hamilton are advising as��German industrial group��Siemens��and French rival��Alstom��agree to merge their rail operations. The business will have ���15.3bn (��11.5bn) in combined��revenue. Alstom produces the TGV, the French long-distance trains, while Siemens make Germany���s equivalent, the ICE. Cleary is advising Alstom with a cross-border team led by corporate partners��Pierre-Yves Chabert��and��Charles Masson��in the firm���s Paris office and including corporate partner��Michael Ulmer��in Frankfurt, tax partner Richard Sultman in London, and corporate partner��Glenn McGrory��and��tax partner Yaron Reich��in New York. The French government will sell its current 20% stake in Alstom as part of the deal. US rival Latham &amp; Watkins is advising Siemens with a team including��corporate partners Patrick Laporte and Pierre-Louis Cleroin Paris and corporate partner��Rainer Traugott in Germany. Freshfield Bruckhaus Deringer is acting for Siemens on��the competition and merger control aspects of this deal, with a team led by Brussels partners Frank Montag and Thomas Wessely. Latham is also <a href="http://www.legalweek.com/sites/legalweek/2017/08/03/latham-and-wachtell-among-advisers-on-3-27bn-acquisition-of-hs2-contractor-by-global-engineering-giant/">currently advising</a> global engineering company CH2M on its sale to rival Jacobs Engineering���s for $3.27bn (��2.47bn). The US firm is fielding a��team led by Silicon Valley corporate partner Tad Freese, alongside benefits and compensation partner James Metz, intellectual property partner Anthony Klein and San Francisco tax partner Grace Lee. <

  • Cleary Gottlieb Steen
  • Freshfields Bruckhaus Deringer


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