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Asset Sale: Seller's Counsel

Gide, counsel to Casino Group on finalising the disposal of 67 Monoprix real estate assets for EUR 742 million

15 Jan 2019

Gide has advised Casino Group on the final disposal of a portfolio of 67 Monoprix real estate assets, for an overall amount of 742 million euros.

Following the synallagmatic agreements signed on 28 September and 17 October 2018, Casino Group has just announced it has finalised, with groups Generali and AG2R La Mondiale, the disposal operations on respectively 53 and 14 Monoprix real estate assets. After deducting registration fees, the net worth of these transactions is 742 million euros, for an annual rent payable by Casino of 35.4 million euros.

WFW advises CCBL on US$132.8m sale and leaseback transaction of two tanker vessels

11 Jan 2019

Watson Farley & Williams (“WFW”) has advised CCB Financial Leasing Co., Ltd. (“CCBL”) on a US$132.8m sale and leaseback transaction of two tanker vessels (VLCC) acquired from and chartered back to two subsidiaries of Globe Shipholding S.A. (“Globe”), a group of companies maintaining a fleet of crude carrier tankers managed by Almi Tankers S.A..

WFW advises Storengy on sale of stake in Breitbrunn/Eggstätt gas storage facility

08 Jan 2019

Watson Farley & Williams (“WFW”) has advised Storengy Deutschland GmbH (“Storengy”) on the sale of its stake in the gas storage facility in Breitbrunn/Eggstätt in Bavaria to Slovakia’s NAFTA a.s (“NAFTA”). In parallel, NAFTA also acquired stakes in the Breitbrunn/Eggstätt, Inzenham-West and Wolfersberg underground gas storage facilities from DEA Deutsche Erdoel AG.

DLA Piper (Canada) LLP represents Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation in the acquisition of the Pogo Gold Mine in Alaska by Northern Star Resources for US$260 million

08 Jan 2019

On September 28, 2018, Sumitomo Metal Mining Co., Ltd. (85% interest and mine operator) ("SMM") and Sumitomo Corp. (15% interest) ("SC") completed the US$260 million sale of the Pogo Gold Mine in Alaska to Northern Star Resources.

Sumitomo Metal Mining is Japan's largest gold miner and a global leader in the development and mining of non-ferrous metals.

Linklaters advises Unilever on the sale of assets used for the manufacturing of spreads products in Poland

08 Jan 2019

Linklaters advised Unilever on the sale of assets used for the manufacturing of spreads products in its Polish factory in Katowice to Upfield (Manufacturing) Polska sp. z o.o., a company from the KKR group. The transaction was part of a global sales process of Unilever's spreads business with operations in 66 countries worldwide, which includes brands such as Becel, Flora, Country Crock, Blue Band, I Can't Believe It's Not Butter, Rama and ProActiv. It was the largest leveraged buyout in Europe in 2017 and one of the largest private equity deals of 2017.

Clifford Chance advises Eurotower Frankfurt GmbH & Co. KG on its sale of the Eurotower in Frankfurt

05 Jan 2019

Christian Keilich, Stefan Löchner, Philipp Stoecker, Jan H. Grabbe, Dominik Engl, Thomas Krecek, Stefan Bruder, Margret Bootz-Hagen, Gregor Evenkamp, Alexandra Margarete Uhl
Frankfurt

Clifford Chance has advised Eurotower Frankfurt GmbH & Co. KG on the sale of the Eurotower in Frankfurt to Patrizia Immobilien AG. Patrizia was acting on behalf of the Taiwanese insurer Fubon Life. This was one of the largest real estate transactions on the Frankfurt market in 2018.

CMS advises crude oil and natural gas group DEA on its divestment of its gas storage facilities in Bavaria

05 Jan 2019

Hamburg – DEA Deutsche Erdoel AG has sold three underground natural gas storage facilities operating in southern Bavaria to NAFTA Bavaria GmbH. The buyer is a subsidiary of Slovak NAFTA a.s., a company of the Czech EPH Group. The transfer became effective as of January 1st, 2019.

Dentons advises Hines on EU140 million sale of logistics portfolio in Poland

27 Dec 2018

Warsaw--Dentons' Real Estate team in Warsaw has advised Hines Global REIT on the sale of a portfolio of five logistics properties in Poland. The transaction value was approximately EU140 million. The assets were acquired by Gemini Poland Holdcos, affiliates of Blackstone Group.

The portfolio, sold by Hines, consists of two warehouses in Warsaw, one in Wroclaw and two in the Silesia region. All the properties are fully leased to tenants, which include ThyssenKrupp, LG Electronics, Johnson & Johnson and Toshiba.

Simmons & Simmons advises European Energy Group on the sale of a Danish solar portfolio with a total capacity of 70 MW

27 Dec 2018

The portfolio, which is spread over eight locations, has a total capacity of 70 MW peak. It was built at the beginning of 2018 by the European Energy Group, an internationally active provider of renewable energies from Denmark, and connected to the power grid.

Prior to and during the transaction, the European Energy Group received comprehensive legal and tax advice from an international team led by partner Dr Stephan Ulrich and Counsel Karin Hribar.

WFW advises BayWa r.e. on the sale of four French 41.2 MW solar parks

27 Dec 2018

Watson Farley & Williams (“WFW”) has advised German project developer BayWa r.e. renewable energy GmbH (“BayWa r.e.”) on the sale of four solar parks with a total capacity of around 41,2 MW to two buyers. Three parks with a capacity of 31.8 MW were sold to the independent solar power producer Sonnedix and the fourth park was sold to the Allianz Renewable Energy Fund II (“AREFII”), a closed-end fund of Allianz Global Investors. The plants are located in the French commune of Hourtin, close to Bordeaux.