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Energy & Utilities

WFW advises Capital Stage on acquisition of two Italian PV plants

19 Jul 2016

International law firm Watson Farley & Williams (“WFW“) has advised Capital Stage, Germany’s largest independent solar park operator listed on the SDAX of the Deutsche Börse, on the acquisition of two Italian solar parks with a total capacity of 11 MWp in  the Piedmont region of northern Italy from a leading industrial group.

This transaction represents the first tranche of a larger investment process which will be completed with the acquisition of two additional solar parks in the provinces of Alessandria and Cuneo, also in Piedmont.

Clifford Chance advises EDF Energies Nouvelles on major investment in wind energy in China

18 Jul 2016

Leading international law firm Clifford Chance has advised EDF Energies Nouvelles, a subsidiary of EDF Group dedicated to renewable energy, on its acquisition of a majority stake in UPC Asia Wind Management (UPC AWM) which develops and builds wind projects in China.

Following the acquisition, EDF Energies Nouvelles will own an 80% stake in the UPC AWM holding company, based in Hong Kong. Its partners UPC China and US-based investment fund Global Environment Fund remain shareholders with a 20 percent share of the company.

Arise AB has sold the wind farm Bohult to a fund managed by Allianz Global Investors

14 Jul 2016

Arise, which is listed on Nasdaq OMX Stockholm, is an energy company selling electricity produced in their own and jointly owned wind farms as well as selling and operating wind projects. The wind farm has a total effect of 12.8 MW.

Allianz Global Investors is an active investment manager that manages 412 billion EUR in assets for individuals, families and institutions worldwide.

Setterwalls assisted Arise.  Setterwalls’ team was led by Jonas Frii assisted by Ludwig Isell-Lind af Hageby (M&A).

Freshfields advises Tullow Oil on US$300m convertible bond offering

13 Jul 2016

Freshfields has advised Tullow Oil in relation to its offering of US$300 million of convertible bonds due 2021

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Tullow Oil in relation to its offering of US$300 million of convertible bonds due 2021. Tullow Oil is a leading independent oil and gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges. The transaction settled on 12 July 2016.

WFW advises on construction financing of Norway’s Tellenes Vindpark

12 Jul 2016

International law firm Watson Farley & Williams (“WFW”) has advised Tellenes Vindpark AS (as the “Project Company”) on the construction financing for the 160MW Tellenes wind farm in Norway, which will be the largest operational wind farm in that country once complete.  The Project Company was acquired by US investment firm BlackRock from previous developers Zephyr and Norsk Vind.

Dentons advises Mohammed Al Barwani Holding on landmark Sukuk issuance

11 Jul 2016

Dubai—Dentons advised Oman's Mohammed Al Barwani Holding on its inaugural issuance of a US$76 million Sukuk, which completed on 29 June 2016 and represents the first dual tranche (OMR and US dollar) Sukuk issuance in Oman, with the Muscat Clearing and Depository Company clearing and settling US dollar denominated securities for the first time. The transaction also represents the first Sukuk issued pursuant to the newly enacted Sukuk regulations in Oman, and the second corporate Sukuk in Oman to date.

Hogan Lovells advises Grupo Terra in the financing for the acquisition of Banco Citibank de El Salvador

08 Jul 2016

NEW YORK, 7 July 2016 – Hogan Lovells has advised Central American investment group Grupo Terra in the financing for the acquisition of Banco Citibank de El Salvador. Immediately after acquisition, the bank changed its name to Banco Cuscatlán, its former name.

The US$50 million unsecured bridge loan financing was provided by Credit Suisse and was guaranteed by some of Grupo Terra’s operating companies.

Roschier represented Fortum Värme in the sale of Gasnätet Stockholm AB and Stockholm Gas AB

06 Jul 2016

Roschier represented AB Fortum Värme, co-owned with Stockholms stad, in the sale of the gas trading company Stockholm Gas AB and the owner of the gas distribution network in the Stockholm area, Gasnätet Stockholm AB, to iCON Infrastructure, an independent investment firm with over €1 billion under management, investing in infrastructure assets in Europe and North America.