L&L, Baker guide on Hitachi acquisition of ABB for $six.4 billion


Bar & Bench
December 31 2018

Japan’s Hitachi is buying a vast majority stake in the electric power grid company of Swiss-Swedish engineering giant ABB for $six.4 billion, in what would be its biggest ever buyout, claimed ET.

L&L Partners acted as Indian authorized counsel for Hitachi whilst Baker & Mckenzie acted as worldwide counsel.

The L&L group was led by Partner William Vivian John together with Running Associates Deepak Kumar and  Sumithra Suresh, Senior Associates Rishabh Shah and Shreya Kundu and Affiliate Tanaya Sanyal.

Partner Vaibhav Kakkar and Running Affiliate Avisha Gupta suggested from a regulatory standpoint on issues arising under Takeover Restrictions and other SEBI regulations. Partners G.R. Bhatia and Abdullah Hussain and Senior Affiliate Arjun Nihal Singh suggested on opposition proceedings, and Running Affiliate Vivek Agarwal and Paralegal Kundan suggested on corporate compliance issues and investigations.

The Baker group was led by Partners Jannan Crozier and David Allen.

With the acquisition of the ABB Energy Grids company, Hitachi proposes to offer impressive strength solutions company globally by combining ABB’s earth-top grids solutions and products and solutions with Hitachi’s digital technological know-how.

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