King & Wood Mallesons (KWM) advised PRC state-owned China General Nuclear Power Corporation (CGN) under the laws of the Hong Kong SAR and the PRC on the US$500 million 3.875% guaranteed bonds due 2023, US$100 million 4.8% guaranteed bonds due 2048, and €500 million 2% guaranteed bonds due 2025 by CGNPC International Limited.
King & Wood Mallesons (KWM) advised PRC state-owned China General Nuclear Power Corporation (CGN) under the laws of the Hong Kong SAR and the PRC on the US$500 million 3.875% guaranteed bonds due 2023, US$100 million 4.8% guaranteed bonds due 2048, and €500 million 2% guaranteed bonds due 2025 by CGNPC International Limited.
On September 19, 2018, at the Gastech Conference in Barcelona, representatives from Steelhead LNG, Huu-ay-aht First Nations, and Hyundai Heavy Industries’ Shipbuilding Division formalized the contract for the front-end engineering and design (FEED) of two At-Shore LNG™ hulls as part of phase one of the Kwispaa LNG Project. Each hull is expected to measure 340 metres in length and 60 metres wide and feature five individual tanks that provide approximately 280,000 metres3 of internal LNG storage.
International law firm Ashurst has advised EF Solare Italia S.p.A., as borrower, on a €100 million equity bridge loan, consisting of a revolving cash credit line, granted by UBI Banca SpA.
The credit line will guarantee EF Solare Italia, the leading photovoltaic operator in Italy, the financial flexibility necessary to continue the process of consolidation of the sector.
This is one of the largest equity bridge loans in Italy in the renewables sector.
MinterEllison has advised Vintage Energy Ltd (Vintage Energy, ASX: VEN) on its A$30million Initial Public Offering (‘IPO’) and ASX listing to help provide new gas into the east coast gas market.
Vintage issued 150 million shares to raise the $30 million by way of an IPO and listed on the ASX on 17 September 2018. The IPO was oversubscribed with strong support from both local and overseas institutions.
We advised Greencoat Renewables (Greencoat) on its acquisition of Knocknalour wind farm in Co Wexford for €10.9 million. The acquisition was funded by Greencoat’s €250 million revolving credit facility.
McCann FitzGerald has previously advised Greencoat on its acquisition of Lisdowney Wind Farm and Dromada More Wind Farm. We also advised on its 2017 IPO and subsequent €111 million share placing.
Slaughter and May is advising United Energy Group Limited (UEG) in relation to its acquisition of Kuwait Energy plc for cash consideration of up to approximately US$650 million.
The acquisition was announced on 24 September 2018 and constitutes a major transaction under the Hong Kong Listing Rules.
LONDON – Reed Smith has advised client Agrivert Holdings Limited and its shareholders on the sale of the company, its subsidiaries and the UK operating business to Severn Trent plc for £120 million.
Founded in 1994, Agrivert UK is a leader in renewable energy generation from food waste, with five well-established food waste anaerobic digestion (AD) plants and five green and comingled waste composting sites.
International law firm Ashurst is advising Merlon International LLC, a Delaware company, in relation to the agreement to sell its subsidiary company Merlon Petroleum El Fayum Company, which owns oil & gas assets in Egypt, to SOCO International plc, which is listed on the Official List in London.
The company being sold is an oil & gas company incorporated in the Cayman Islands which owns a 100% operated working interest in the onshore El Fayum concession in the Western Desert in Egypt.
Slaughter and May advised Ørsted on its proposed disposal of a 50% interest in the 1.218MW Hornsea 1 offshore wind farm to Global Infrastructure Partners (GIP). It also advised on the terms of certain related financing, construction, operations and maintenance and power purchase arrangements. Hornsea 1 is currently under construction and will be the world’s largest offshore wind farm when commissioned in 2020.