BLOMSTEIN secures merger and FDI clearances for CRRC’s acquisition of Vossloh Locomotives
BLOMSTEIN has advised leading Chinese locomotive manufacturer CRRC Zhuzhou Locomotive Co., Ltd. (CRRC ZELC) on the merger control and foreign direct investment (FDI) aspects of its acquisition of Vossloh Locomotives GmbH (Vossloh Locomotives). Following an in-depth review, the transaction received merger control clearance from the Federal Cartel Office on 27 April 2020. The German Federal Ministry for Economic Affairs and Energy had cleared the FDI matter earlier this year, also following an in-depth review of the case.
CRRC ZELC is a leading Chinese locomotive manufacturer and one of the main subsidiaries of CRRC Corporation Limited. Vossloh Locomotives is a European market leader in the construction of diesel locomotives. The transaction is the first major acquisition by CRRC ZELC in Europe.
The BLOMSTEIN team was led by Max Klasse (antitrust) and Roland Stein (FDI). The team was further composed of Anna Huttenlauch and associates Philipp Trube, Rita Zuppke, and Pia Hesse from BLOMSTEIN’s antitrust practice, and associates Leonard von Rummel and Laura Louca in relation to FDI.