Hill Dickinson's corporate team has recently advised its client Block Energy plc (Block) on its admission to AIM, completion of which took place on 11 June 2018. The admission included a significantly over-subscribed placing which raised gross proceeds of £5 million.
Watson Farley & Williams (“WFW”) has advised Enterprize Energy Pte. Ltd. (“EEPL”) on its strategic joint venture investment agreements in the Taiwanese offshore wind sector with Japan’s Mitsui & Co (“Mitsui”). As part of the agreements, Mitsui has acquired a 50% stake in EEPL subsidiary Yushan Energy Company Ltd (“YECL”), which owns a 40% interest in the Hai Long offshore wind development in the Taiwan Strait between that Island and mainland China.
Linklaters acted as legal advisor on the sale of Cory Riverside Energy to a consortium comprising Dalmore Capital, Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers.
Calgary—Global law firm Dentons has advised Canadian energy infrastructure company Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) on the monetization of a 49 percent interest in select North American onshore renewable power assets, as well as 49 percent of Enbridge's interests in two German offshore wind projects (Hohe See, and related expansion) through a newly created joint venture with the Canada Pension Plan Investment Board (CPPIB) to CPPIB, for approximately CAD$1.75 billion.
Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its CHF365 million offering of 1.750 percent notes due 2023, which closed on June 4, 2018.
The securities were issued under Pemex’s medium-term notes program.
BNP Paribas (Suisse) SA and UBS AG acted as joint managers. The securities were listed on the SIX Swiss Exchange.
Acting on US$5 billion Global Medium Term Note Programme establishment, US$2 billion inaugural drawdown and concurrent cash tender offers
Linklaters acted as international counsel for Indonesian state-owned company PLN on the establishment of a new US$5 billion Global Medium Term Note Programme. Shortly after its establishment, PLN issued two series of USD-denominated notes in a US$2 billion drawdown to international investors.
Acting on US$5 billion Global Medium Term Note Programme establishment, US$2 billion inaugural drawdown and concurrent cash tender offers
Linklaters acted as international counsel for Indonesian state-owned company PLN on the establishment of a new US$5 billion Global Medium Term Note Programme. Shortly after its establishment, PLN issued two series of USD-denominated notes in a US$2 billion drawdown to international investors.
Acting on US$5 billion Global Medium Term Note Programme establishment, US$2 billion inaugural drawdown and concurrent cash tender offers
Linklaters acted as international counsel for Indonesian state-owned company PLN on the establishment of a new US$5 billion Global Medium Term Note Programme. Shortly after its establishment, PLN issued two series of USD-denominated notes in a US$2 billion drawdown to international investors.
Leading global law firm Baker McKenzie advised MET Group, the Swiss-based energy group, in its transformation into a management-owned company. While the foregoing shareholders have divested all their holdings in the company, MET Group managers will participate via a share program through MET ManCo AG for up to 20%. Baker McKenzie has advised MET Group on the legal structuring as well as the acquisition financing aspects of this transaction which closed on 29 May 2018.
Eversheds Sutherland has acted for Singapore-based Sembcorp Industries on its £216m acquisition of UK Power Reserve (UKPR) from Equistone Partners Europe, Inflexion Private Equity and UKPR management.
The acquisition of UKPR, which owns and operates a portfolio of distributed generation projects across 32 locations in England and Wales, will considerably increase Sembcorp’s ability to build an integrated energy business in the UK.