Dentons advises on first Iranian Petroleum Contract signed since relaxation of sanctions against Iran
The Firm has advised Total on its development and production service contract to develop phase 11 of the giant South Pars gas field
The Firm has advised Total on its development and production service contract to develop phase 11 of the giant South Pars gas field
Bird & Bird ATMD has acted for SGX-listed United Global Limited, through its wholly owned subsidiary United Oil Company, in the acquisition of 95% of the issued and paid-up share capital of Indonesia-based lubricant manufacturer PT Pacific Lubritama Indonesia. The sale is for $18.2 million which will be financed through its internal resources and proceeds from its listing of shares on the SGX Catalist.
The team involved in the transaction was led by Marcus Chow (Partner, Singapore) who was assisted by Jolie Giouw (Counsel, Singapore).
Herbert Smith Freehills has advised APA Group on the development of a new gas transmission pipeline and gas-fired power station to supply energy to the Gruyere Gold Project in Western Australia.
Watson Farley & Williams (“WFW”) has advised Diversified Gas & Oil PLC (“DGO”) in connection with its US$84.2m reverse takeover of certain oil and gas assets of Titan Energy, LLC. This transaction was funded through a new US$110m loan facility and a share placing on AIM to raise US$35m.
Watson Farley & Williams (“WFW”) has advised European renewables platform Vortex, which is managed by the private equity arm of EFG Hermes, on the £337m refinancing of a 365 MW portfolio comprising 24 operational PV solar farms. The lenders included Santander and RBS as lead arrangers as well as Allied Irish Bank, Banco Sabadell, Caixabank, Commonwealth Bank of Australia, ING and Natixis.
Vortex’s equity is jointly held in equal shares by EFG Hermes and Tenaga Nasional.
Osborne Clarke has advised Puls GmbH on the acquisition of Etasyn GmbH.
Puls specialises in the development and manufacture of DIN rail power supplies for industrial applications. The company has a very broad range of standard power supplies.
Saxony-based electronics company, Etasyn GmbH designs and manufactures power conversion solutions for the industrial sector.
A team lead by Corporate Partner Dr Martin Sundermann advised Puls on the transaction. The team also included Matthias Elser, Mark Friedrich (both Corporate) and Thomas Schnabel (Real Estate).
Setterwalls advised Arise AB (publ) in connection with the transactions in the projekt. Arise has acquired the wind farm from Bergvik Skog and developed the project. Thereafter Arise has divested the ready-to-build-projekt to a fund managed by BlackRock, the world's largest asset manager. Vestas will deliver 32 Vestas 3,6 MW wind turbines, and an agreement regarding sale of electricity and certificates has been entered into with Statkraft.
Setterwalls' team comprised Jonas Frii (partner in charge), Elin Hjort, Jakob Ekesbo and Ebba Svenburg.
Denmark’s largest gas company, HMN Naturgas, has today announced its sale of its trading company, HMN Naturgas A/S, with 215,000 customers to the energy companies SEAS-NVE and Eniig.
In spring, HMN Naturgas I/S decided to sell the commercial part of its business activities as a result of the Danish government’s supply strategy which aims at joining the gas distribution networks and separating the network companies (responsible for the operation and maintenance of the distribution network) and the trading companies (responsible for sales and customer services).
Engie’s expertise in operations and business development are the “cornerstones” of Tabreed’s expansion strategy across the GCC
International law firm Herbert Smith Freehills has advised ENGIE on its bid to acquire a 40% stake in Dubai-listed National Central Cooling Company PJSC (Tabreed) from Mubadala Investment Company (Mubadala), the Abu Dhabi-based strategic investment company. The transaction amounts to a total consideration for ENGIE of an estimated AED2.8 billion (USD762 million).
Herbert Smith Freehills has advised Orion Resource Partners on a US$97.7m debt, quasi-debt and equity financing package for the development of Heron Resources Limited’s Woodlawn Zinc-Copper project in New South Wales.
Located 30km south of Goulburn and 220km southwest of Sydney, construction for the A$240m Woodlawn project is due to start in mid-2017, with first production targeted for late 2018.