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Energy & Utilities

Stephenson Harwood advises Tractebel on acquisition of majority stake in RED Engineering

11 Oct 2016

Law firm Stephenson Harwood LLP has advised Tractebel on its acquisition of a 70 percent stake in RED Engineering, a company which designs mechanical, electrical and public health services for infrastructure, new buildings and upgrade projects.

Red is headquartered in the UK, with operations in Dubai, Singapore and Manila, and has delivered more than 200 data centre project designs.

Tractebel is a global engineering company headquartered in Brussels, specialising in energy and infrastructure and is part of the ENGIE group.

WFW advise OMV on Rosebank Field divestment

10 Oct 2016

International law firm Watson Farley & Williams (“WFW”) has advised OMV AG (”OMV”) and OMV (U.K.) Limited (“OMV UK”), a subsidiary of OMV, on achieving completion of the divestment of a thirty per cent (30%) interest in the Rosebank Field and related Licences (the “Assets”) to Suncor Energy UK Limited for a consideration, subject to adjustments, of up to US$215m (US$50m at completion and up to US$165m upon the final investment decision on the development of the Rosebank Field).

White & Case Advises Air Liquide on US$4.5 Billion First Bonds Offering in the US

05 Oct 2016

Global law firm White & Case LLP has advised Air Liquide on its first Yankee bond offering, comprising five series of notes for a total amount of US$4.5 billion.

The notes have maturities ranging from three to 30 years and bear interest at rates between 1.375 percent and 3.5 percent. The proceeds of the offering will contribute to the refinancing of the acquisition of Airgas, and to sustainably finance the Group's long term growth.

Dechert Advises Korean-based OCI in Acquisition of Silicon Company

04 Oct 2016

Dechert LLP served as legal advisor to OCI Company Ltd. of Seoul, Korea in connection with its acquisition of a 100% equity interest of Tokuyama Malaysia Sdn. Bhd. from Tokuyama Corporation based in Japan. Tokuyama Malaysia Sdn. Bhd. is a wholly owned subsidiary of Tokuyama Corporation in Malaysia and engaged in the production and sales of solar cell-grade polycrystalline silicon.

Norton Rose Fulbright advises BP on merger with Det Norske

04 Oct 2016

Global law firm Norton Rose Fulbright, working with Norwegian law firm Thommessen AS, has advised BP on the combination of its Norwegian subsidiary BP Norge’s business with Det norkse Oljeselskap ASA to create Aker BP. The deal closed on September 30, 2016. Aker BP is now the largest Norwegian independent oil and gas producer, independently listed on Oslo Stock Exchange and 30% owned by BP and 40% by Aker.

Squire Patton Boggs Assists DC Water in Issuance of the Nation’s First Environmental Impact Bond

03 Oct 2016

A Squire Patton Boggs team served as bond counsel to the DC Water and Sewer Authority (DC Water) in its issuance of the nation's first Environmental Impact Bond (EIB). The EIB will fund the initial green infrastructure project in the DC Clean Rivers Project, a $2.6 billion program to control stormwater runoff and improve the District's water quality.

Freshfields advises RWE/Essent in litigation regarding the introduction of a coal tax in the Netherlands

03 Oct 2016

Freshfields has advised RWE/Essent in its litigation against the Dutch government on a measure which would impose a tax on use of coal in coal-fired electricity plants

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised RWE/Essent in its litigation against the Dutch government on a measure which would impose a tax on use of coal in coal-fired electricity plants (‘Dutch coal tax’). RWE/Essent is the largest energy company in The Netherlands.

Houston represents Vega Energy in US$1.3bn transaction of natural gas assets

30 Sep 2016

Our Houston office represented Vega Energy Partners, Ltd. in its divestiture of its 15 percent interest in Stonewall Gas Gathering, a West Virginia pipeline company, to DTE Energy.

The deal was a part of a larger transaction totaling US$1.3 billion between DTE Energy, M3 Midstream and Vega, in which DTE also purchased a 40 percent interest of SGG and 100 percent interest of Appalachia Gathering System from M3 Midstream.

ABB agrees to divest its high voltage cable business to NKT Cables

30 Sep 2016

ABB has agreed to divest its global high-voltage cable business to NKT Cables at an enterprise value of approximately EUR 836 million.

The business produces and supplies turnkey solutions with respect to high-voltage submarine and underground cables and includes a state-of-the art manufacturing and R&D facility in Karlskrona, Sweden.

The transaction is subject to certain customary conditions.