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Energy & Utilities

King & Wood Mallesons advises China General Nuclear Power Corporation on its overseas issuance of multi-currency bond issuance

05 Jan 2018

King & Wood Mallesons (KWM) advised China General Nuclear Power Corporation (CGN) as its international and PRC counsel on its EUR500 million seven-year euro-denominated green bonds and USD900 million US dollar-denominated debt with multi-period in the Irish and Hong Kong Stock Exchange respectively (the “Bonds”). The bonds are issued by CGNPC International Limited, a wholly-owned subsidiary company of CGN and unconditionally guaranteed by CGN. The complex multi-currency transaction with several periods in two regions, is rarely seen in the market.

King & Wood Mallesons advises China General Nuclear Power Corporation on its overseas issuance of multi-currency bond issuance

05 Jan 2018

King & Wood Mallesons (KWM) advised China General Nuclear Power Corporation (CGN) as its international and PRC counsel on its EUR500 million seven-year euro-denominated green bonds and USD900 million US dollar-denominated debt with multi-period in the Irish and Hong Kong Stock Exchange respectively (the “Bonds”). The bonds are issued by CGNPC International Limited, a wholly-owned subsidiary company of CGN and unconditionally guaranteed by CGN. The complex multi-currency transaction with several periods in two regions, is rarely seen in the market.

WFW advises PNE WIND AG on sale of minority stake in 142 MW wind farm portfolio to Allianz Renewable Energy Fund II

05 Jan 2018

Watson Farley & Williams (“WFW“) advised PNE WIND AG (“PNE“) on the sale of its remaining 20%  stake in a 142 MW wind farm portfolio to Allianz Renewable Energy Fund II (“AREF II”), an investment fund managed by Allianz Global Investors GmbH, for €23m. PNE remains responsible for the technical, commercial and operational management of the wind farms in the portfolio.

Fieldfisher Oil & Gas team advise on two billion dollar deal for JSC KazMunaiGas Exploration Production

04 Jan 2018

The Fieldfisher Energy – Oil and Gas team has recently acted as English legal advisers for client JSC KazMunaiGas Exploration Production ("KMG EP") in respect of US$1.95 billion tender offer launched by the company on 8 December 2017 for its GDRs and shares, valued at US$5.6bn. The team also advised on its proposed delisting from the Official List of the London Stock Exchange and the Kazakhstan Stock Exchange.

Fieldfisher Oil & Gas team advise on two billion dollar deal for JSC KazMunaiGas Exploration Production

04 Jan 2018

The Fieldfisher Energy – Oil and Gas team has recently acted as English legal advisers for client JSC KazMunaiGas Exploration Production ("KMG EP") in respect of US$1.95 billion tender offer launched by the company on 8 December 2017 for its GDRs and shares, valued at US$5.6bn. The team also advised on its proposed delisting from the Official List of the London Stock Exchange and the Kazakhstan Stock Exchange.

Milbank Advises Seaoil Philippines on Its Strategic Partnership with Caltex Australia

03 Jan 2018

Milbank, Tweed, Hadley & McCloy LLP has advised Seaoil Philippines, Inc., the country’s largest independent fuel operator, in a strategic partnership with Caltex Australia Petroleum Pty Ltd. Caltex will acquire a 20% equity interest in Seaoil.

The transaction, valued at US$100 million, will allow Seaoil to benefit from Caltex’s support for continued growth strategy.

Clifford Chance advises Lagerwey and its shareholder Ponooc in a large scale wind energy project with NovaWind, a subsidiary of the Russian state company Rosatom

02 Jan 2018

The transaction involved:

    the set-up of a joint venture - Red Wind - between the Dutch wind turbine manufacturer Lagerwey and NovaWind to supply 388 wind turbines to Rosatom's subsidiary VetroSGC by 2022
    the conclusion of a Wind turbine technology licensing agreement, under which Lagerwey  provides technology and expertise in 2.5MW and 4.5MW turbines for the joint venture
    the conclusion of a components supply agreement, for the supply by Lagerwey of the first 60 wind turbines