Acqui\u00adsi\u00adtion of ZKW by LG: Gleiss Lutz advi\u00adses on another billion-euro tran\u00adsac\u00adtion in the auto\u00admo\u00adtive sector<\/p>\n
Wieselburg\/ South Korea \u2014 Gleiss Lutz<\/strong> has advi\u00adsed the share\u00adhol\u00adder of Austrian auto\u00admo\u00adtive supplier ZKW<\/strong> on the sale of the group to South Korean LG Corpo\u00adra\u00adtion<\/strong> and its subsi\u00addiary LG Elec\u00adtro\u00adnics<\/strong>. The purchase price is 1.1 billion euros<\/strong>. For LG, it is the largest acqui\u00adsi\u00adtion in the company\u2019s history to date. The tran\u00adsac\u00adtion is still subject to appr\u00adoval by the rele\u00advant anti\u00adtrust authorities.<\/p>\n ZKW, head\u00adquar\u00adte\u00adred in Wiesel\u00adburg, Austria, is one of the worl\u00add\u2019s leading light\u00ading and elec\u00adtro\u00adnic systems specia\u00adlists<\/strong> in the auto\u00admo\u00adtive sector and, as such, one of the most important suppli\u00aders to premium-segment auto\u00adma\u00adkers such as Audi, BMW, Porsche and Daim\u00adler. The company employs more than 9,000 people world\u00adwide at sites in Austria, Slova\u00adkia, the Czech Repu\u00adblic, China, India, Mexico and the USA. In 2017, ZKW increased its conso\u00adli\u00adda\u00adted group sales by almost 30 percent year-on-year to over 1.2 billion euros.<\/p>\n LG Corpo\u00adra\u00adtion is a South Korean conglo\u00adme\u00adrate opera\u00adting in the elec\u00adtro\u00adnics, chemi\u00adcals, and services and tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons indus\u00adtries. In Germany, the subsi\u00addiary LG Elec\u00adtro\u00adnics is parti\u00adcu\u00adlarly well known: it is a global leader in consu\u00admer elec\u00adtro\u00adnics, mobile commu\u00adni\u00adca\u00adti\u00adons and house\u00adhold appli\u00adances. With 125 offices around the world and 77,000 employees, LG achie\u00adved conso\u00adli\u00adda\u00adted sales of $47.9 billion in fiscal 2016.<\/p>\n Consul\u00adtant: Gleis Lutz<\/strong> Advi\u00adsing compa\u00adnies in the auto\u00admo\u00adtive and auto\u00admo\u00adtive supply indus\u00adtry in all areas of commer\u00adcial law is a core compe\u00adtence of Gleiss Lutz. Last year, the firm advi\u00adsed Bosch and Mahle on the sale of their joint venture BMTS (Bosch Mahle Turbo Systems) to Foun\u00adta\u00adin\u00adVest. Gleiss Lutz also advi\u00adsed on, among other things, the billion-euro merger of ZF Fried\u00adrichs\u00adha\u00adfen and TRW and the billion-euro take\u00adover of GETRAG by Magna.<\/p>\n","protected":false},"excerpt":{"rendered":" Acqui\u00adsi\u00adtion of ZKW by LG: Gleiss Lutz advi\u00adses on another billion-euro tran\u00adsac\u00adtion in the auto\u00admo\u00adtive sector Wieselburg\/ South Korea \u2014 Gleiss Lutz has advi\u00adsed the share\u00adhol\u00adder of Austrian auto\u00admo\u00adtive supplier ZKW on the sale of the group to South Korean LG Corpo\u00adra\u00adtion and its subsi\u00addiary LG Elec\u00adtro\u00adnics. The purchase price is 1.1 billion euros. For [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-deals-news-en"],"yoast_head":"\n
\nThe Gleiss Lutz team led by Dr. Jochen Tyrolt<\/strong> and Dr. Chris\u00adtian Cascante, photo<\/strong> (both Stutt\u00adgart, Part\u00adner, Corporate\/M&A) consis\u00adted of the follo\u00adwing lawy\u00aders: Johan\u00adnes Schr\u00e4gle (Coun\u00adsel), Dr. Maike Sauter, Dr. Markus Martin, Dr. Jan Sten\u00adger, Sava Kasa\u00adliy\u00adski (all Stutt\u00adgart), Dr. Michael Ilter (Frank\u00adfurt), Dr. Stephan Dangel\u00admayer, Dr. Olaf Hohle\u00adfel\u00adder (both Munich, all Corporate\/M&A), Dr. Chris\u00adtian Arnold (Part\u00adner, Stutt\u00adgart), Dr. Thomas Winzer (Part\u00adner), Dr. Tobias Abend (Frank\u00adfurt, all Labor Law), Dr. Achim Danne\u00adcker (Part\u00adner), Dr. Michael Rudolf, Dr. Hanna Datzer, Dr. Konrad Gr\u00fcn\u00adwald (all Tax Law, Stutt\u00adgart), Dr. Moritz Holm-Hadulla (Part\u00adner), Dr. Domi\u00adnik Braun, Andreas Sch\u00fcs\u00adsel, Vanessa Gehle (all Anti\u00adtrust Law, Stutt\u00adgart), Dr. Herwig Lux (Coun\u00adsel), Chris\u00adto\u00adpher Noll (both Stutt\u00adgart, both IP\/IT), Dr. Helge Kortz (Part\u00adner, Frank\u00adfurt, Banking and Finance), Dr. Florian Wagner (Frank\u00adfurt, Dispute Reso\u00adlu\u00adtion) and Dr. Chris\u00adtiane Frey\u00adtag (Coun\u00adsel, Public Law, Stuttgart).<\/p>\n