Ashurst is advising Tullow Oil plc (Tullow) on a substantial farm-down of its assets in Uganda to Total E&P Uganda B.V. (Total). Under the terms of the agreement, Total will acquire 21.57% in the Lake Albert development project in Uganda, with Tullow retaining a 11.76% interest in the upstream and pipeline, which would reduce to 10% when the Government of Uganda formally exercises its right to back-in.

Allen & Overy LLP has advised Trans Europa Naturgas Pipeline Gesellschaft mbH & Co. KG (TENP), a joint venture of gas transmission system operators Open Grid Europe GmbH and Fluxys TENP GmbH, a subsidiary of the Belgian transmission system operator Fluxys S.A., on the issuance of registered notes in the amount of EUR 30.5 million and Schuldschein loans in the amount of EUR 49.5 million.

The registered notes have a term of 13 years, and each of the fixed-rate and floating-rate Schuldschein loans has a term of 8 years.

Leoni, a leading provider of cables and cable systems to the automotive sector and other industries, will sell its business activities with cable assemblies and harnesses for household appliances and power tools. Today, the signing of the sales and purchase agreement with the acquirer BizLink, a leading provider of interconnect solutions listed in Taiwan with headquarters in Fremont, California, has taken place. The enterprise value amounts to EUR 50 m. The sold division has locations in Germany, Belgium, Slovakia, Serbia and China. The agreement is subject to customary closing conditions.

Hong Kong—Dentons Hong Kong, in collaboration with Dentons Kunming and Shanghai, advised Yunnan Provincial Energy Investment Group Co., Ltd. ("YEIG") in a dual tranche offering of US$440m of notes (US$310m of 3.50% guaranteed notes due 2019 and US$130m of 4.25% guaranteed notes due 2021) issued by a special purpose vehicle of YEIG. YEIG is a leading state-owned energy company based in Yunnan Province, China. The notes are listed on the Hong Kong Stock Exchange.

London—Dentons has advised Tenaga Nasional Berhad (TNB), one of the largest utility players in Asia, with a market capitalisation of circa US$17billion and a power generation capacity of 12GW in 2016, on its acquisition of a 50% shareholding in one of Britain's largest solar power portfolios with a combined net installed capacity of about 365MW.  TNB has acquired the shareholding alongside Beaufort Investments S.a.r.l, a wholly owned subsidiary of EFG Hermes.

Dechert LLP served as legal counsel to Far East Energy Limited (“FEEL”), the controlling shareholder of MIE Holdings Corporation (“MIE”), a Hong Kong-listed company, in connection with a letter agreement in relation to a Put and Call Option Agreement previously entered into by, amongst others, FEEL and Celestial in order to facilitate the sale of 212 million shares of MIE by Celestial to an independent third party.

Vinge advises Gasum Oy on its acquisition 100% of the shares of the Swedish biogas producer Swedish Biogas International AB. The transaction makes Gasum the biggest producer of biogas in the Nordic countries. Through the acquisition, five biogas plants located in Jordberga, Katrineholm, Lidköping and Örebro as well as a majority shareholding in a production plant located in Västerås, Sweden, are transferred to Gasum’s ownership. Swedish Biogas International also has a 50% shareholding in Vadsbo Biogas.

We are acting as the legal advisor to Gasum Oy in its acquisition of 100% of the shares in the Swedish biogas producer Swedish Biogas International AB. In the transaction, five biogas plants located in Jordberga, Katrineholm, Lidköping and Örebro in Sweden as well as a majority shareholding in a production plant located in Västerås, Sweden, were transferred to Gasum’s ownership. Swedish Biogas International also has a 50% shareholding in Vadsbo Biogas.

Eversheds advised CGN EE on the acquisition of a portfolio of 14 onshore wind-farms with an enterprise value in excess of €500m

The transaction completed on 30th December in respect of the wind farms, which operate at approximately 228 MW in Northern Ireland and Republic of Ireland.

Eversheds acted for the buyer, CGN Europe Energy (CGN EE), a subsidiary of CGN Group (the Chinese state owned nuclear generator). The sellers were Gaelectric Holdings plc and Lanber Holdings.

Direct Energie, third largest gas and power supplier in France and active in Belgium under the Poweo brand, has acquired the entire share capital of Marcinelle Energie which owns and operates a 400MW combined cycle gas turbine near Charleroi.

The plant has been built in 2012. This acquisition will improve the sourcing conditions of Direct Energie’s customer both in France and Belgium. On this transaction, Direct Energie was assisted by the Paris office of Bredin Prat and by the Brussels office of Stibbe with respect to Belgium law matters.