Kirkland & Ellis LLP
09/05/2024 | Press release | Distributed by Public on 09/05/2024 10:14
Kirkland Advises Dussur on Sale of Entire Stake in General Electric Saudi for Advanced Turbines
Kirkland & Ellis advised the Saudi Arabian Industrial Investments Company (Dussur), which is owned by The Saudi Public Investment Fund ("PIF"), Aramco, and SABIC, on the sale of its entire 55% stake in General Electric Saudi for Advanced Turbines (a Saudi gas turbine producing joint venture) ("GESAT") to GE Vernova Inc. GESAT has manufactured more than 200 gas turbine modules for power generation plants across 10 countries including Saudi Arabia.
The Kirkland team was led by corporate partner Osama Lone and associate Noura Abdulrahman with support from corporate partners Kamran Bajwa and Matthew Arenson.