Dentons advised Geo-Jade Petroleum Corporation on its recent purchase of all issued and outstanding shares of Bankers Petroleum Ltd. by way of statutory plan of arrangement with a transaction value of approximately CA$725 million. September 29, 2016 marked the closing of the deal.
General Electric Company ("GE") has reached an agreement to acquire a 75% stake in Concept Laser GmbH. Concept Laser designs and manufactures powder bed-based laser additive manufacturing machines.
Travers Smith LLP is advising new client Dee Valley Group PLC on the recommended cash offer by investment company Ancala Fornia Ltd for the entire issued share capital of Dee Valley. The acquisition, which will be financed by Ancala's infrastructure investment funds, values Dee Valley at approximately £71.3 million.
London—Dentons has advised Hurricane Energy plc (Hurricane), the oil and gas fractured basement specialist, on a circa £74 million capital raising and open offer to existing shareholders. The funds will be used by Hurricane to advance the development and delineation of its Greater Lancaster Area assets in the North Sea and to secure the development timetable for the EPS phase of its Lancaster asset.
Vinge advises Ellevio on the acquisition of electricity network business in Nynäshamn (Nynäshamn Energi AB) from Kraftringen Energi. As a result, approximately 16,000 customers get a new network owner. The electricity network in Nynäshamn/Ösmo borders Ellevio’s regional network in Stockholm and further strengthens Ellevio’s already strong position in the Greater Stockholm area.
Matheson recently advised leading Irish energy trading and services firm ElectroRoute and its founders on a major new partnership with Mitsubishi Corporation. The deal which was announced on 14 October 2016 has seen Mitsubishi taking a 60% stake in the Irish company. The deal will allow ElectroRoute, which already trades across eight European markets, to continue to scale its operations internationally with the support of a company with a market capitalisation today in excess of €32 billion.
Gide was selected, alongside law firms Allens (Australia) and Morrison & Foerster (United States), to assist DCNS with Australia’s future submarine programme.
Gide is fully committed to DCNS and its partners to offer technological supremacy to the Australian Navy, so that it may be independent in the design, construction, operation and maintenance of its future submarines.
Ashurst has advised Santos on the sale of its Victorian gas assets to Cooper Energy in a deal worth A$82 million.
Cravath represented RWE AG and innogy SE in connection with innogy SE's €4.9 billion initial public offering of ordinary bearer shares, the largest IPO in Germany since 2000 and the fourth largest in the history of Germany. Formerly known as RWE International SE, innogy SE resulted from a carve-out of RWE AG's established electricity distribution and supply, retail and renewable energy divisions. The shares were listed on the Frankfurt Stock Exchange. The transaction closed on October 11, 2016.
Norton Rose Fulbright has advised Tenaga Nasional Berhad (“TNB”), Malaysia’s largest electricity utility company, on its ten-year US$750 million sukuk issuance, which closed on October 19, 2016. The sukuk was issued via TNB’s wholly-owned Malaysian-incorporated special purpose company, TNB Global Ventures Capital Berhad, and marks the first issuance under the newly established US$2.5 billion Multicurrency Sukuk Issuance Programme on which Norton Rose Fulbright also advised.