Sidley Advised Xignux On US$5.28 Billion Sale Of Stake In Prolec GE To GE Vernova

Sidley Advised Xignux On US$5.28 Billion Sale Of Stake In Prolec GE To GE Vernova

Sidley advised Xignux, a Monterrey, México-based leader in the energy and food industries, in connection with the US$5.275 billion sale to GE Vernova Inc. (NYSE: GEV) of its remaining fifty percent stake of Prolec GE, its joint venture with GE Vernova Inc., which was originally established in 1995. The deal reportedly marks the largest private transaction in México’s history, as reported by Reforma.

The sale will allow Xignux, which employs more than 33,000 people in México, the United States, and Brazil, to further invest in innovation, technology, and the expansion of its North American presence.

The Sidley team was led by Alyssa A. Grikscheit (Partner), and Eduardo Marquez Certucha (Counsel), and supported by Mo Green (Senior Managing Associate), and Jessica Day (Partner), Christian Brause (Partner), Karen Goldstein (Partner), Jim Lowe (Partner), Margaret Allen (Partner), Heather Palmer (Partner), Martin Jackson (Partner), Eric Wolf (Partner).

Xignux received advice on legal matters from their in-house Oscar Martinez Treviño (Counsel), Teresa Villarreal Torres (Counsel), and Federico de la Torre Herrera (Counsel) with Creel, García-Cuéllar, Aiza y Enríquez, and Santos-Elizondo, providing local counsel in México, and Pinheiro Neto Advogados providing local counsel in Brazil; and on financial matters by J.P. Morgan Securities LLC.

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.