GvW Graf von Westphalen advises on the entry of Beijing Zhonghuan Investment Management Co., Ltd. into the German market for electric vehicles
With Beijing Zhonghuan Investment Management Co., Ltd., another investor from China is investing in a German company. In the context of the acquisition of shares in EFA-S GmbH, the Chinese company has acquired a 75% majority stake from the previous shareholders. The SPA was notarized on 16 November 2015.
Beijing Zhonghuan Investment Management Co., Ltd., is a major shareholder in Beijing WKW Automotive Parts Co., Ltd., an automotive supplier stock-listed in China that emerged from a German-Chinese joint venture. WKW supplies automotive producers in China and Europe with its components.
EFA-S GmbH is specialized in the conversion of vehicles to electric mode, the development of electric vehicles as well as the distribution. UPS is one of EFA-S GmbH’s customers, amongst others.
GvW Graf von Westphalen has again proven its expertise in a China outbound transaction. The GvW team provided advice with Frankfurt-based partner Dr Marco Zessel as the lead lawyer (M&A/Head of the China Desk Frankfurt) and senior associate Ms Ming Yi (M&A/China Desk).
News
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The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
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Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
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