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Finance & Banking

Hannes Snellman Counsel to Avant Capital Partners and Alma Property Partners I AB in their Acquisition of the Ideapark Oulu Shopping Centre from Sukari Group

15 Aug 2016

Hannes Snellman acted as counsel to Avant Capital Partners and Alma Property Partners I AB, a fund managed by Alma Property Partners, in their acquisition of the Ideapark Oulu shopping centre from Sukari Group. The property with approx. 30.000 sqm gross area has been let to multiple high-profile tenants like H&M, Lindex, Cubus, Dressmann, and Stadium.

Our core team in Helsinki comprised Tapio Teräkivi, Maria Lassenius, Kaisa Mansikkamäki, and Heini Salonen.

Luther obtains approval from German Federal Cartel Office: three savings banks to merge in Lower Saxony

12 Aug 2016

The German Federal Cartel Office approves the merger of the Sparkasse Hildesheim, the Sparkasse Goslar/Harz and the Kreissparkasse Peine

Brussels/Düsseldorf – The Sparkasse Hildesheim, the Sparkasse Goslar/Harz and the Kreissparkasse Peine are to be allo wed to merge. The German Federal Cartel Office approved the merger on 10 August 2016. Luther Rechtsanwalts - gesellschaft mbH has represented the savings banks throughout the merger proceedings.

WFW advises HSH Nordbank AG on €29.6m windfarm project financing in France

12 Aug 2016

International law firm Watson Farley & Williams (“WFW“) has advised German bank, HSH Nordbank AG in connection with the financing of the 12.5 MW capacity Mont d’Erny windfarm by means of a €29.6 million loan. The project was developed by Nordex and sponsored through an investment fund managed by Rive Private Investment (group 123Venture & Elyseum Investment).

WFW advises bank syndicate on €50m Grupo Forus refinancing

12 Aug 2016

International law firm Watson Farley & Williams (“WFW”) has successfully advised a syndicate of banks led by Bankia S.A. (“Bankia”) on the €50m refinancing of group Grupo Forus (“Forus”), which manages municipal sport facilities in Madrid, Segovia, Valencia, Alicante and Las Palmas.

The refinancing will enable Forus to implement an ambitious expansion plan over the next five years, based on an organised growth policy and high quality standards.

WFW advises banking syndicate on €58m French solar portfolio refinancing

12 Aug 2016

International law firm Watson Farley & Williams (“WFW”) advised a syndicate of French banks comprising Bpifrance Financement (as lender, security agent and co-arranger), Natixis Energéco (as lender, agent and co-arranger) and Banque Palatine (as lender, hedge bank and account bank) on the €58meuro refinancing of a portfolio of 14 ground and roof-based solar plants.

Clifford Chance advises on the financing of the Perimetral Oriental de Cundinamarca Toll Road in Colombia

12 Aug 2016

Leading international law firm Clifford Chance has acted as New York counsel to the Inter-American Development Bank (IDB) in the approximately $465 million multi-source and multi-currency financing of the Perimetral Oriental de Cundinamarca toll road that closed on May 24, 2016. The project is part of Colombia's multi-billion dollar 4G program.

Slaughter and May, London and Hong Kong, advised Standard Chartered PLC - issue of US$2 billion Additional Tier 1 Securities

11 Aug 2016

Slaughter and May, London and Hong Kong, advised Standard Chartered PLC on its issue of US$2 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities. The Securities are convertible into ordinary shares of Standard Chartered PLC if at any time Standard Chartered PLC determines that its Common Equity Tier 1 ratio, calculated on a consolidated and fully loaded basis, is less than 7.00 per cent. The Securities are listed on the Main Board of the Hong Kong Stock Exchange.

China Everbright’s Disposal of 49% Share Capital of Everbright Securities (International) Limited

11 Aug 2016

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented China Everbright Limited (“China Everbright”) in its US$120 million disposal of 49% of the share capital of Everbright Securities (International) Limited to Everbright Securities Financial Holdings Limited.

China Everbright, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment.