On February 26, 2016, General Electric Company (GE) closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and the U.S. Department of Justice approved GE's acquisition of Alstom's Power and Grid business on the condition that GE would commit to divest segments of Alstom's heavy-duty gas turbine business.

Homburger AG advised GE on Swiss law aspects of the transaction. The Homburger team was led by partner Ueli Huber (Corporate | M&A) and comprised partner Reto Heuberger (Tax), counsel Peter Müller (Tax), associates Sergio Bortolani, Karin Mattle and Eric Sibbern as well as paralegal Renate Loretan (all Corporate | M&A).