Dentons LuatViet is honored to announce that we have successfully advised GF on the divestment of its Machining Solutions division to United Grinding Group, with the total transaction value reaching USD 800 million.

GF is a leading, publicly listed Swiss industrial corporation headquartered in Schaffhausen (Switzerland), operating globally in the fields of piping systems, building flow solutions, casting solutions, and machining solutions. In 2024, the Machining Solutions division alone generated around USD 1.1 billion in sales and employed approximately 3,300 people across key locations in Europe, Asia (including Vietnam), and the United States.

Dentons LuatViet, in close collaboration with esteemed colleagues from Dentons Taiwan and Dentons Netherlands, managed to navigate legal complexities and provide end-to-end legal support on certain aspects of the transaction in relevant jurisdiction, particularly in the areas of regulatory compliance, tax and financing, and corporate governance matters.

“We truly appreciated Dentons LuatViet’s proactive approach and quality of work throughout the transaction”, said the Client. This recognition stands as a testament to our unwavering commitment to delivering exceptional client service and upholding the highest professional standards.

Dentons Luat Viet’s team was co-led by Senior Partner Tran Thi Ngoc Linh (all Vietnam-related transaction) and Senior Partner Phan Thi Lieu (Vietnam-related tax and financing), and further comprised Senior Associate Nguyen Duc Anh.

Read more about the deal here.

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