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Deal Date: 15-01-2016 Practice Area: Corporate and M&A
Deal Title: Qingdao Haier Acquisition of GE Appliance Business Industry: Household Goods
Description:
White and Case LLP advised Haier Group, a Chinese consumer electronics manufacturer, on its strategic cooperation framework agreement with General Electric (NYSE: GE). As a first step in this partnership, Qingdao Haier Co., Ltd, a company that was 41% owned by Haier, would acquire GE's appliances business and would be licensed to use the GE brands for 40 years.
Financial Center: Beijing Value: 5000.01-10000.00
Advised Party: Acquiror Law Firm
Target Company Jurisdiction: United States Acquiror Jurisdiction: China
Classification: Strategic Buyer Acquisitions Private Company
Lawyer Vivian Tsoi