On 23 September 2016, Nets was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as legal advisor to the bank syndicate consisting of Deutsche Bank, Morgan Stanley, Nordea, Danske Bank, DNB Markets, J.P. Morgan, UBS Investment Bank, Carnegie, OP Corporate Bank, SEB, SpareBank 1 Markets and Sydbank in connection with the IPO.
Vienna, 23 September 2016 - OMV has signed an agreement selling a 49% minority stake of Gas Connect Austria (GCA) to a consortium of Allianz and Snam. Wolf Theiss advised Allianz throughout the entire transaction – including due diligence, contract negotiations and the signing, which took place on 22 September. Additionally, Wolf Theiss advised the entire consortium in aspects relating to acquisition finance.
OMV chose the consortium as the result of a bidding process that began in the first quarter of 2016.
Gernandt & Danielsson advises in Serneke Group’s issue of corporate bonds amounting to SEK 300 million.
Serneke Group AB (publ) has decided to issue corporate bonds amounting to SEK 300 million. The bonds are issued within a framework amount of SEK 500 million and the bond proceeds will be used for general corporate purposes, including acquisitions. The company has undertaken to list the bonds on Nasdaq Stockholm.
The Serneke group conducts business within construction, civil engineering, project development and property management.
Ashurst advised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ Bank) and Deutsche Apotheker- und Ärztebank (apoBank) in relation to financings for the DOREA Group, a portfolio company of Quadriga Capital Private Equity Fund IV L.P. The financing is intended for acquiring Meritus Seniorenzentren GmbH (Meritus) as well as refinancing the DOREA Group. The parties have agreed not to disclose the financing volume and the purchase price for Meritus. The company was sold by ANTARIS health care Holding GmbH.
Davis Polk advised the joint book-running managers on a public offering by Ingredion Incorporated of $500 million aggregate principal amount of 3.200% senior notes due 2026.
Ingredion is a leading global ingredients solutions provider. Ingredion turns corn, tapioca, potatoes, rice and other vegetables and fruits into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, pharmaceutical, textile and personal care industries, as well as the global animal feed and corn oil markets.
Novartis Finance S.A. completed the placement of two Notes of EUR 1,250,000,000 due 2023 and EUR 500,000,000 due 2028. The 2023 Notes were issued at 99.127% of their principal amount with an interest of 0.125% and will mature on 20 September 2023 at their nominal value. The 2028 Notes were issued at 98.480% with an interest of 0.625% and will mature on 20 September 2028 at their nominal value. Both Notes are guaranteed by Novartis AG. They are provisionally admitted to trading and expected to be listed on SIX Swiss Ex-change Ltd.
Gide advises Société Générale on the sale of its majority stake (93.64%) in Bank Republic, its Georgian subsidiary, to TBC Bank Group PLC, the second largest banking institution in Georgia. The operation is estimated to be approx. EUR 121 million.
The closing of the transaction is expected before the end of 2016, following the completion of confirmatory due diligence and the satisfaction of all relevant conditions precedent.
We assisted German company Commerz Real in their sale of a modern, LEED-certified office property built in the Sörnäinen district of Helsinki in 2009. The purchaser was Finnish real estate investor Antilooppi.
The tenants of the sold office building include the headquarters of Aspo Plc, the Finnish Tax Administration and Tommy Hilfiger. The building has a total leasable area of approximately 11,000 square meters.
King & Wood Mallesons (KWM) has advised Industrial Bank Co., Ltd. (“Industrial Bank”) as international and PRC law counsel on its establishment of US$5 billion MTN programme and the first drawdown thereunder, the issuance of US$1 billion notes in two tranches – US$700 million 2% notes due 2019 and US$300 million 2.375% notes due 2021.
King & Wood Mallesons (KWM) has advised financiers in relation to the A$9.7bn acquisition of the 50 year lease of the Port of Melbourne, Australia’s largest container and cargo port by the Lonsdale Consortium comprising the Future Fund, QIC, Global Infrastructure Partners and OMERS .
The KWM team, led by Partner Claire Rogers with support from Solicitor Amy Maguire, advised a bank club consisting of 17 banks in relation to the submission of a fully committed and documented financing package for the acquisition.