Cleary Gottlieb and Fried Frank Among Firms Advising on €6BN Transport Deal
The deal will see transport giant Bombardier sell its rail operations arm.
February 19, 2020 at 06:43 AM
2 minute read
A lineup of major law firms including Cleary Gottlieb Steen & Hamilton and Freshfields Bruckhaus Deringer are advising on the €6 billion sale of transport giant Bombardier's rail operations.
Alstom, the Paris-based maker of the TGV bullet trains, is set to take on the arm. The cash-and-stock purchase is subject to antitrust approval by European regulators; the EU's competition directorate scuttled a proposed rail merger between Alstom and Siemens of Germany in 2019.
Cleary Gottlieb Steen & Hamilton is advising Alstom, a longtime client, with a team led by partners Pierre-Yves Chabert in Paris on corporate and mergers and acquisitions, Anne-Sophie Coustel in Paris on tax, and Antoine Winckler in Brussels on antitrust.
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