Siemens & Alstom railway merger led by Latham & Watkins and Cleary Gottlieb Steen & Hamilton
German company Siemens has completed a merger with the railway operation of French company Alstom, in a deal valued at €15bn (£13.1bn).
Advising the companies were Latham & Watkins and Cleary Gottlieb Steen & Hamilton. Latham advised Siemens, with Munich partner Rainer Traugott leading a team which included Paris-based partners Pierre-Louis Cléro and Patrick Laporte. Partners Thomas Fox, Hugues Vallette Viallard, and Xavier Renard advised on regulatory, employment, IT and tax matters.
Cleary advised Alstom, with partners Pierre-Yves Chabert and Charles Masson leading the team that advised Alstom on corporate, antitrust, IP and tax matters.
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