Herbert Smith Freehills has advised Inversiones Capital Global SA (ICG), a wholly owned subsidiary of Banco Santander SA, on its agreement to sell the 106.8MW Taralga Wind Farm to State Power Investment Corporation of China (SPIC). SPIC was also the recent purchaser of the Pacific Hydro business, on which Herbert Smith Freehills acted for the vendor, IFM Investors.
Matheson is advising Saint-Gobain Building Distribution (ROI) Limited in relation to the sale of its JP Corry business in the Republic of Ireland to HPC Management Services Limited. Three JP Corry sites, in Gort, Oranmore and Cahir, are being transferred to HPC as part of the sale. The transaction will not impact the JP Corry business in Northern Ireland, which Saint-Gobain will retain. Contracts have exchanged and completion of the transaction is conditional on clearance from the Competition and Consumer Protection Commission in Ireland.
Roschier represented Sveafastigheter AB in its sale of a EUR 450 million property portfolio in a secondary transaction to asset manager Partners Group and structuring of a continued management arrangement for the Sveafastigheter team regarding the portfolio.
The sold portfolio includes 97 properties in Sweden and Finland incorporating retail, offices and hotels, a total lettable area being 360,000 sqm.
Noerr has advised the shareholders of the malt producer Tivoli Malz, Hamburg, on the sale of its Global Malt division to the English Anglia Maltings Group. Behind Tivoli is a private company. The purchaser is a long-term cooperation partner of Global Malt.
OK ekonomisk förening is owned by approximately 900 000 members in Sweden. The association, founded in 1926, owns 50% of the fuel company OKQ8 AB and has got an annual turnover of approximately SEK 9.5 billon (not counting OKQ8). Other operations within the OK-group are real property ownership and management, pellets manufacturing, publishing, car dealership and IT consultancy.
We have been representing Epic Systems Corporation, an industry-leading US electronic health record software vendor, in the public procurement of a new client and patient data system by Apotti Oy.
This procurement is the largest ever IT procurement in Finland. Apotti Oy is a cooperative procurement body for the local governments of Helsinki, Vantaa, Kirkkonummi, Kauniainen and the regional-level HUS Medical District.
Nabarro has advised AIM-listed Hydrodec Group plc, on the disposal of its UK waste oil collections business and proposed UK lubricant re-refining project.
Following a strategic review of the business and auction process for the UK operations, a number of indicative offers were received. After a period of exclusivity with one bidder, Hydrodec elected to conclude the sale with one of its non-executive directors in a related party transaction under the AIM Rules.
Nabarro has advised Kish Eleven Limited on behalf of Green Property on the sale of the India Buildings, located in the heart of Liverpool, to Marwees Limited for £17m. The architectural icon was Liverpool’s Passport Agency until their move in 2002. Since the departure of the Home Office department, the building is occupied by businesses and retailers. The transaction is one of a series of major projects set to transform Liverpool’s city centre into a popular investment destination.
King & Wood Mallesons has advised Macquarie on the sale of its life insurance business to Zurich Australia.
Zurich Australia is owned by Switzerland-based Zurich Insurance Group, one of the world’s largest insurers.
KWM advised Macquarie on all aspects of the deal including M&A, Insurance law and the court approved scheme process to be undertaken for the implementation of the transaction.
Herbert Smith Freehills has advised MIE Holdings Corporation on the disposal of 60% of its indirectly wholly-owned subsidiary, Palaeontol B.V., to Reach Energy Berhad for US$154,889,000.
Palaeontol B.V. indirectly holds oil and gas assets in southwest Kazakhstan, including four existing oil and gas producing fields as well as one exploration area.
The share sale and purchase agreement was signed on 5 March and the transaction is expected to complete later this year.