EDF has announced the disposal of its 65.01% stake in the capital of Dunkerque LNG, the owner and operator of the Dunkirk liquified natural gas terminal, to two investment consortia: the first being made up of Fluxys, AXA Investment Managers – Real Assets and Crédit Agricole Assurances, the second led by IPM Group and Samsung Asset Management. For this transaction, Baker McKenzie, Clifford Chance and Fidal advised EDF, while Freshfields Bruckhaus Deringer, Orrick Rambaud Martel and De Pardieu Brocas Maffei assisted the purchasers.

NEW YORK – Global law firm Reed Smith advised Global Brands Group Holding Limited (“GBG”), a Hong Kong listed company (SEHK Stock Code: 787) in connection with its pending sale of GBG’s North American licensing business to Differential Brands Group Inc. (NASDAQ:DFBG), a portfolio of global consumer brands, for a purchase price of $1.38 billion. The transaction comprises of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, Joe’s Jeans, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.

Dentons has advised Skanska on the sale of four office buildings in three Polish cities to real estate fund manager Niam. The properties include the High5ive complex in Krakow (two buildings), Nowa Fabryczna in Lodz, and Green2Day in Wroclaw.

Opened in October 2017, the seven-storey Nowa Fabryczna in Lodz offers over 21,500 sq.m. gross leasable area and 210 parking spaces leased to tenants such as Fujitsu, Whirlpool, Cybercom. KPMG, BSH and McCormick.

Eversheds Sutherland advises Rolls-Royce on sale of its commercial marine division

Eversheds Sutherland has advised engineering giant Rolls-Royce, a longstanding client of the global legal practice, on the £500m (enterprise value) sale of its commercial marine division to Kongsberg Gruppen ASA.

The move follows a strategic review of Commercial Marine operations announced by Rolls-Royce in January.

International law firm McDermott Will & Emery has advised NYSE listed Praxair, Inc. on the sale of the majority of its businesses in Europe to Taiyo Nippon Sanso Corporation, a company listed on the Tokyo Stock Exchange and majority owned by Mitsubishi Chemical Holdings Corporation.

The base purchase price for the transaction is 5 billion euros and is subject to customary adjustments at closing. The agreement is dependent on regulatory approvals as well as the successful consummation of the Praxair-Linde merger.

Reed Smith has advised client Deutsche Bank on the strategic disposal of a portfolio of $1 billion of shipping loans spread across a diversified pool of maritime sectors and sponsors.

The multi-disciplinary, cross-border team was led by London-based asset finance partner Richard Hakes, who was assisted by fellow partners Simon Hugo in London, Volker Kammel and Simon Grieser in Frankfurt, and Tilman Siebert and Thomas Gierath in Munich.

Building and property management service BLB NRW sold a 170,000 m² site at Aachen's Westbahnhof railway station to two project companies of RWTH Aachen University. The university intends to establish a research cluster with national and international technology companies at “Campus West.“

The Warsaw office of Hogan Lovells advised Cinema3D S.A. on the sale of its portfolio of sites in Poland to Vue International.

The value of the transaction has not been released to the public.