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Berlin/Munich, 20 May 2025 - The international law firm ADVANT Beiten provided legal advice to CATL, the world's largest manufacturer of electronic car batteries, as a German Legal Counsel with regard to the initial public offering in Hong Kong. Kirkland & Ellis was Lead Counsel of the initial public offering which might be the largest initial public offering of the year so far; Linklaters acted as Hong Kong and US counsel to the sponsors. ADVANT Beiten has already been advising CATL since entering the German market in 2018. For the initial public offering, ADVANT Beiten's advice focused on the necessary due diligence and legal opinion regarding the German subsidiary Contemporary Amperex Technology Thuringia AG (CATT).
CATT operates its first plant outside China in Arnstadt, Thuringia. With 1,700 employees, the plant is the largest foreign subsidiary of the battery manufacturer. Existing customers in Germany include companies such as BMW and Mercedes-Benz. In addition to the site in Germany, the expansion plans focus in particular on the sites in Hungary and Spain.
CATL has made a profit of approx. 4.6 billion dollars with the stock exchange listing in Hong Kong. The final price per share was set at 263 Hong Kong dollars, this corresponds to the maximum offer price. The scope of CATL's transaction could increase to 5.3 billion dollars, if a so-called greenshoe option results in the sale of a further 17.7 million shares. The fresh capital will be used in particular to finance CATL's further expansion into Europe.
CATL Advisor - as a German Legal Counsel:
ADVANT Beiten: Dr Dirk Tuttlies (in charge; Capital Market Law), Dr Christian von Wistinghausen (in charge; Due Diligence), Tassilo Klesen, Danah El-Ismail, Simone Schmatz, Christian Burmeister, Lelu Li, Damien Heinrich, Robert Schmid (all Corporate/M&A), Katrin Lüdtke, Korbinian Goll (Public Law).
Public Relations
Frauke Reuther
Communications Manager
ADVANT Beiten
+49 (69) 75 60 95 - 570
frauke.reuther@advant-beiten.com
