Clifford Chance advises Technip on its proposed combination with CGG to create a first tier oil and gas services provider. The proposed transaction would take the form of a cash tender offer.
It is not certain at this stage whether such transaction will occur.
Clifford Chance advised Advanced Petrochemical Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR1 billion, with a floating rate coupon linked to SAIBOR and a maturity of 5 years.
Watson, Farley & Williams (“WFW”) has advised Sound Oil on a €7 million reserve-based lending facility for developing its Nervesa gas discovery, in onshore northeastern Italy. The loan is provided by Greenberry, Sound Oil’s cornerstone investor, and secured on the Carità permit, which includes Nervesa.
Allen & Overy LLP advised power distribution company Stromnetz Hamburg GmbH in its successful bid for electric distribution concession rights in the City of Hamburg. The Hamburg Senate approved the conclusion of a concession contract with Stromnetz Hamburg GmbH at its meeting on Tuesday, 11 November 2014. The contract has a 20-year term and is accompanied by a cooperation agreement in which the city governors and Stromnetz Hamburg GmbH have set out their principles for future-oriented power grid operations.
Herbert Smith Freehills has advised Huaneng Power International Inc., one of China's largest listed power producers, on its acquisition of equity interests in ten power plants in China for a total consideration of US$1.19 billion. Beijing-based Huaneng Power is the listed unit of the mainland’s largest power producer, China Huaneng Group. The company is mainly engaged in developing, constructing, operating and managing large-scale power plants throughout China.
On 7 November 2014, the Bankruptcy Court in Aalborg issued a bankruptcy order against the company OW Bunker A/S, CVR no. 34 90 01 67, Stigsborgvej 60, 9400 Nørresundby, Denmark.
John Sommer Schmidt, attorney with Gorrissen Federspiel, and Pernille Bigaard, attorney with the law firm Plesner, were appointed by the Bankruptcy Court to act as trustees of the bankrupt company.
Norton Rose Fulbright has advised on the £1.35 billion financing for Phase 2 and Phase 3 of Battersea Power Station, one of the largest UK real estate financing transactions to take place in recent years.
Allen & Overy has advised on the financing for the USD2.8 billion Donggi-Senoro Liquefied Natural Gas (DSLNG) project which was signed today.
Watson, Farley & Williams (“WFW”) has advised DONG Energy on its successful tender in the Isle of Man Offshore Wind Generation Leasing Round. DONG has been selected exclusively as the Isle of Man Government’s preferred partner in respect of the development of a 700MW offshore wind farm, which could power around 400,000 homes.
Herbert Smith Freehills has advised Huaneng Power International Inc., one of China's largest listed power producers, on its HK$3.14 billion H-share placement.
The 365,000,000 H-shares placed by Huaneng Power represented 10.27 per cent of the size of its 3.55 billion total existing H-shares issued on the Hong Kong Stock Exchange. The net proceeds from the share placement are intended to be used for supplementing the company's working capital.