Mergers and Acquisitions

General Motors Co. in its $1 billion investment project with POSCO Future M

General Motors Co.
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Sophie Amyot

Partner, Corporate, Montréal

Jean-Philippe Bertrand

Associate, Corporate, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal

Yan A. Besner

Partner, Real Estate, Montréal

Michael Fekete

Partner, Technology, Toronto

On June 2, 2023, General Motors Co. and POSCO Future M announced their second phase of their Ultium Cathode Active Material (CAM) joint venture. This is an investment project that is focused on increasing the production capacity of their chemical battery material facility in Canada and strengthening supply chains. The anticipated investment is over $1 billion.

General Motors is the largest automaker in the United States and the company designs, builds and sells automobile parts and accessories globally.

POSCO Future M is an advanced material company focused on battery for future sustainability.

Osler, Hoskin & Harcourt LLP advised General Motors Co. with a team consisting of Shahir Guindi, Sophie Amyot, and Jean-Philippe Bertrand (Corporate), Etienne Massicotte (Financial Services) Yan Besner (Real Estate) and Michael Fekete (Commercial).

Value
$1 billion
Date Closed
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Lead Office
Montreal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Sophie Amyot

Partner, Corporate, Montréal

Jean-Philippe Bertrand

Associate, Corporate, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal

Yan A. Besner

Partner, Real Estate, Montréal

Michael Fekete

Partner, Technology, Toronto