Hitachi’s Acquisition of the Entire Shareholding in Ansaldo STS Held by Elliott


Fried Frank represented Hitachi, Ltd. (Hitachi) and Hitachi Rail Italy Investments S.r.l. (HRII), in connection with HRII’s purchase of all shares in Ansaldo STS S.p.A. (Ansaldo) held by funds affiliated with Elliott Management Corporation.

Ansaldo, a company listed on the STAR segment of the Italian Electronic Stock Market (Mercato Telematico Azionario), operates as a contractor, system integrator and supplier of mass transportation projects for metro and urban railways around the world. Following the transaction, HRII will hold an aggregate 82.567% of Ansaldo’s shares. HRII has also disclosed that it intends to commence a voluntary tender offer for the remaining shares in Ansaldo. Fried Frank is acting as US counsel to HRII in connection with the offer.

The Fried Frank team included corporate partners Warren S. de Wied (Picture), Mark Mifsud, and Dan Oates and corporate of counsel Robert P. Mollen.

Involved fees earner: Warren de Wied – Fried Frank Harris Shriver & Jacobson; Mark Mifsud – Fried Frank Harris Shriver & Jacobson; Dan Oates – Fried Frank Harris Shriver & Jacobson; Robert Mollen – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Hitachi;