Baker McKenzie has advised Belgian energy supplier OCTA+ with a consolidated turnover of 510 million euros on the sale of its entire network of gas stations to MAES Energy & Mobility, subject to the approval by the Belgian Competition Authority, (which is expected in the coming months).
Linklaters provided legal advice to industrial gas producer Linde on the sale of business units to a consortium of Messer Group and financial investor CVC Capital Partners Fund VII in connection with Linde’s merger with Praxair.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the largest privately held industrial gases specialist Messer Group (‘Messer’) and financial investor CVC Capital Partners Fund VII (‘CVC’) on the acquisition of most of Linde AG's gas business in North America and on individual business activities of Linde AG in South America in a transaction valued at $3.3bn.
Gide advised Société d'Infrastructures Gazières in connection with the structured and guaranteed bond issuance for a total amount of €586.4 million at a rate of 2.715 per cent. and due 2029.
Gide’s team was led by Hubert du Vignaux (partner), assisted by Laurent Vincent (counsel), Louis Ravaud (associate) for the bond aspects, Laetitia Lemercier (partner), assisted by Faten Anis (associate) for the security aspects, and Pierre-Adrien Lienhardt and Aurélia Rambaud (associates) for the energy law aspects.
TLT has advised Eelpower Limited on its acquisition of one of the UK's largest energy storage schemes from Anesco for an undisclosed sum.
The recently-completed 20MW Rock Farm scheme is located near Ludlow, Shropshire and is connected to the local grid, which is owned and operated by Western Power Distribution. Rock Farm comprises 16 1.25MW BYD-manufactured storage units and was developed and constructed by Anesco. It was commissioned by the company in June 2018.
EDF has announced the disposal of its 65.01% stake in the capital of Dunkerque LNG, the owner and operator of the Dunkirk liquified natural gas terminal, to two investment consortia: the first being made up of Fluxys, AXA Investment Managers – Real Assets and Crédit Agricole Assurances, the second led by IPM Group and Samsung Asset Management. For this transaction, Baker McKenzie, Clifford Chance and Fidal advised EDF, while Freshfields Bruckhaus Deringer, Orrick Rambaud Martel and De Pardieu Brocas Maffei assisted the purchasers.
Herbert Smith Freehills has advised Caltex on its strategic alliance with Woolworths.
The alliance extends and expands Caltex’s existing partnership with Woolworths and includes a new fuel supply agreement and the creation of a market-leading convenience offering, wholesale food supply, loyalty, and redemption arrangements. This transaction bolsters Caltex’s position as the market-leading provider of transport fuel in Australia, and enables Caltex to continue realising benefits from its integrated supply chain.
Global law firm Norton Rose Fulbright has advised the Swiss utility Energie 360° AG on the indirect acquisition of project developer and service provider Engine Power Systems Thomsen & Co. GmbH (EPS). With this acquisition, Energie 360° further expands its strategic position in the market for combined heat and power plants (CHP), which is growing worldwide.
On 10 July 2018, Tesla officially signed the investment agreement for a pure electric vehicle project with Shanghai Lingang Area Development Administration and Lingang Group. Tesla, as the sole investor, will build the Tesla Super Factory (Gigafactory 3) in Lingang Area, with integrated functions of R&D, manufacturing and sales. The project is designed to manufacture 500,000 pure electric vehicles per year, making it the first Tesla factory outside the US, and also thus far the largest foreign-invested manufacturing project in Shanghai.
Hamburg – The international law firm CMS has advised Merkur Offshore GmbH as project company and its shareholders and investors Partners Group (headquartered in Switzerland), InfraRed Capital Partners (based in the United Kingdom), DEME (based in Belgium), Agence de l'Environnement et de la Maîtrise de l'Énergie (based in France) and General Electric (based in the United States) in connection with the revised financing of the construction and the operation of the offshore wind farm "Merkur" under a syndicated loan facility of over EUR 1.5 billion.