China XD Group’s Restructuring

Clifford Chance has advised on global antitrust filings for the strategic restructuring of China XD Group (Xidian) and related subsidiaries of State Grid Corporation (State Grid).

Under the restructuring plan, related subsidiaries of State Grid will be merged with Xidian into a new company, China Electrical Equipment Group Co., Ltd. (China Electrical Equipment Group), which will produce equipment related to electric transmission and distribution.

The team was led out of Beijing by partner and head of antitrust practice for Greater China Yong Bai (Picture), who was supported by counsel Zibo Liu. Antitrust experts in the firm’s Warsaw office including counsel Iwona Terlecka, and associates Marta Szczecinska (Matynia) and Anna Lyczakowska were also part of the transaction team. Partner Torsten Syrbe in Dusseldorf and professional support lawyer Ani Tangyan also advised on the Russian antitrust aspects of the transaction.

Involved fees earner: Yong Bai – Clifford Chance; Zibo Liu – Clifford Chance; Torsten Syrbe – Clifford Chance; Ani Tangyan – Clifford Chance; Iwona Terlecka – Clifford Chance; Anna ?yczakowska – Clifford Chance;

Law Firms: Clifford Chance;

Clients: China XD Group;

Giulia Di Palma

Author: Giulia Di Palma