We use cookies on this website in order to enhance your experience. By continuing to browse our site, you agree to our use of cookies. [I agree]   ×

General Turbo’s exit from Alstom General Turbo

April 26, 2018

Mocanu si Asociatii advised General Turbo S.A., the main supplier of power generation equipment in Romania, in the sale of 49% of the shares held by General Turbo S.A. in Alstom General Turbo (producer of generators, engines and electric transformers) to the majority shareholder, GE Albany Global Holdings BV. The transaction was a complex one, entailing, among others, the transfer of the real estate ownership right, from GE Albany Global Holdings BV to General Turbo S.A., over the building brought as contribution to the share capital of Alstom General Turbo S.A. and the further lease of the building and corresponding equipment.

Mocanu si Asociatii’s team, comprised of specialized M&A, Corporate and Real Estate lawyers, rendered legal assistance to General Turbo S.A. throughout the entire transaction, during the negotiations carried out for the conclusion of the share sale agreement, until the closing of the transaction and performance of all post-closing formalities.