Zurich | Baden – Axpo Holding AG (Axpo) has sold their participation in Elektrizitätswerk des Kantons Schaffhausen AG (EKS) to the Canton of Schaffhausen as part of a portfolio streamlining exercise.

In 2004 the Canton of Schaffhausen sold a 25% equity interest to Axpo Holding AG. Following a structured sale process implemented by Axpo in 2017, the Canton of Schaffhausen exercised its right of first refusal to acquire the participation at a price of 53 million Swiss francs.

Zurich | Baden – Axpo Holding AG (Axpo) has sold their participation in Elektrizitätswerk des Kantons Schaffhausen AG (EKS) to the Canton of Schaffhausen as part of a portfolio streamlining exercise.

In 2004 the Canton of Schaffhausen sold a 25% equity interest to Axpo Holding AG. Following a structured sale process implemented by Axpo in 2017, the Canton of Schaffhausen exercised its right of first refusal to acquire the participation at a price of 53 million Swiss francs.

Osborne Clarke has advised Solarplicity, one of the UK’s leading renewable energy providers, on the sale of 133MW of solar assets.

The transaction is for a UK-wide portfolio of 22 ground-based and 6 roof-top solar assets. The projects are all eligible for subsidy payments under the Renewable Obligation Certificates or Feed-in-Tariff schemes both of which are adjusted in line with RPI. Solarplicity Service Ltd will continue to operate and maintain the portfolio over the long term.

Gilbert + Tobin have advised Beach Energy Limited (Beach Energy) on the successful completion and financial close of its $1.585 billion acquisition of Lattice Energy Limited (Lattice Energy) from Origin Energy Limited. Lattice Energy holds interests in conventional upstream oil and gas assets across Australia and New Zealand, including in the Otway, BassGas, Halladale Speculant and Black Watch, Kupe, Waitsia, Beharra Springs and Cooper Basin gas projects.

Completion and financial close of the transaction occurred on 31 January 2018.

Gilbert + Tobin have advised Beach Energy Limited (Beach Energy) on the successful completion and financial close of its $1.585 billion acquisition of Lattice Energy Limited (Lattice Energy) from Origin Energy Limited. Lattice Energy holds interests in conventional upstream oil and gas assets across Australia and New Zealand, including in the Otway, BassGas, Halladale Speculant and Black Watch, Kupe, Waitsia, Beharra Springs and Cooper Basin gas projects.

Completion and financial close of the transaction occurred on 31 January 2018.

Gilbert + Tobin have advised Beach Energy Limited (Beach Energy) on the successful completion and financial close of its $1.585 billion acquisition of Lattice Energy Limited (Lattice Energy) from Origin Energy Limited. Lattice Energy holds interests in conventional upstream oil and gas assets across Australia and New Zealand, including in the Otway, BassGas, Halladale Speculant and Black Watch, Kupe, Waitsia, Beharra Springs and Cooper Basin gas projects.

Completion and financial close of the transaction occurred on 31 January 2018.

Slaughter and May advised PTT Exploration and Production Public Company Limited (PTTEP) and PTTEPI International Limited (PTTEPI) in relation to the conditional acquisition of a 22.2222 per cent. stake in the Bongkot Project from Shell Integrated Gas Thailand Pte Limited and Thai Energy Company Limited (both Shell subsidiaries).  The transaction value, before tax, is approximately USD750 million.  The Bongkot Project, consisting of Blocks B15, B16, B17 and G12/48, is a natural gas field in the Gulf of Thailand operated by PTTEP.

Watson Farley & Williams (“WFW”) has advised AIM-traded Saffron Energy Plc (“Saffron Energy”) on its agreements to acquire the Italian oil & gas portfolios of each of Sound Energy Plc, listed on AIM (“Sound Energy”) and Po Valley Energy Ltd, listed on ASX (“Po Valley”).

International legal practice Osborne Clarke has advised ICS Group Holdings Limited (ICS Cool Energy) on its sale to Ingersoll Rand plc, a world leader in creating comfortable, sustainable and efficient environments.

Following its acquisition, ICS Cool Energy will be part of Ingersoll Rand’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business.

International legal practice Osborne Clarke has advised ICS Group Holdings Limited (ICS Cool Energy) on its sale to Ingersoll Rand plc, a world leader in creating comfortable, sustainable and efficient environments.

Following its acquisition, ICS Cool Energy will be part of Ingersoll Rand’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business.