Resource

 

 

 

 

 

 

 

 

 

 

 

Energy & Utilities

Osborne Clarke advises The Renewables Infrastructure Group on its £22.6m acquisition of The Neilston Community Wind Farm

11 May 2017

Osborne Clarke has advised The Renewables Infrastructure Group Limited ("TRIG") a London-listed investment company, that works with InfraRed Capital Partners as its Investment Manager and Renewable Energy Systems as its Operations Manager, on its acquisition of a 100% interest in a UK operational wind farm, Neilston Community Wind Farm (the "Project"), a 10MW onshore wind project in East Renfrewshire, Scotland.

Squire Patton Boggs Advises Inversiones Gasolgest on the Sale of Hotel Innside Madrid Genova

09 May 2017

Squire Patton Boggs has advised Inversiones Gasolgest on the sale of Hotel Innside Madrid Genova to Sardinero Hoteles. As part of the transaction, the management and day-to-day running of the hotel will also transfer from previous operator, Meliá Hotels and Resorts, to Sardinero Hotels.

King & Wood Mallesons advises State Grid Corporation of China on its successful establishment of the Medium Term Note Programme overseas and its first issuance under the programme

09 May 2017

On April 17, 2017, State Grid Corporation of China (SGCC), advised by King & Wood Mallesons (“KWM”), established a US$7.7 billion overseas Medium Term Note Programme (the “Programme”) through State Grid Overseas Investment (2016) Limited (the “Issuer”), an SPV set up in the British Virgin Islands by State Grid Overseas Investment Limited, a wholly owned subsidiary of SGCC. On April 27, 2017, under the Programme, the Issuer successfully issued the U.S.$5 billion Senior Guaranteed Notes (the “Notes”) to the global investors.

Hengeler Mueller advises RWE on appraisal proceedings regarding squeeze-out at Harpen

09 May 2017

On 6 April 2017 the Higher Regional Court of Düsseldorf decided that the cash compensation for the former minority shareholders at Harpen Aktiengesellschaft, Dortmund, has to be EUR 20.41 per share. The appraisal proceedings regarding the squeeze-out were ongoing since 2005. The EUR 3.17 reduction by the Higher Regional Court against the former decision of the Region Court of Dortmund on 22 July 2015 due to the retrospective application of the valuation standard IDW S1 2005. The standard was not effective at the time the squeeze-out resolution took place on 15 October 2004.

King & Wood Mallesons advises EDP on the sale of Naturgás and on the Public Takeover Offer over its subsidiary EDP Renováveis

08 May 2017

King & Wood Mallesons (KWM) is consolidating its position as a leading law firm in the Energy sector in Spain. The international law firm advised the Portuguese energy company EDP Group on the sale of its subsidiary Naturgás and on the Public Takeover Offer over EDP Renováveis to acquire the remaining 22.46% stake held in the market. Both deals are two of the largest transactions the Iberian Gas and Renewable Energy market has ever seen.

Ashurst advises VAALCO on successful asset transfer

08 May 2017

Ashurst advised Houston-based independent energy company VAALCO Energy, Inc. on the transfer on its assets to a fully owned Gabonese subsidiary, VAALCO Gabon S.A., in accordance with the OHADA Company Act.

Ashurst advised Houston-based independent energy company VAALCO Energy, Inc., which operates the Etame Marin block in Gabon, on the transfer of its assets to a fully-owned Gabonese subsidiary, VAALCO Gabon S.A. (VGSA), in accordance with the OHADA Company Act.

Sidley Advises HPCL-Mittal Energy Limited on Its Maiden Issuance of US$375 Million of Senior Unsecured Notes

05 May 2017

Sidley has advised HPCL-Mittal Energy Limited (HMEL) on its maiden issuance of US$375 million of Senior Unsecured Notes due 2027, the proceeds of which will be used to repay HMEL’s outstanding external commercial borrowings. During the book building window, the order book was five times oversubscribed. Strong investor interest enabled HMEL to increase the issuance to US$375 million from their initial indication of US$300 million. The offering had over 150 investors participating, with Asian investors accounting for 71% and European investors accounting for 24% of the issuance.