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Asset Sale: Seller's Counsel

Heuking Kühn Lüer Wojtek advises Grundgrün on the sale of parts of its business activities to EnBW

22 Feb 2016

With a team led by Dr. Armin Freiherr von Grießenbeck, Partner at the law firm’s Munich office, Heuking Kühn Lüer Wojtek advised Grundgrün Energie GmbH, one of the major energy suppliers and service providers for renewable energies (headquartered in Berlin) with worldwide revenue of some 160 million euros, on the sale of its core business (asset deal) to EnBW (headquartered in Karlsruhe), Germany’s third-largest electricity supplier with consolidated revenue of some 21 billion euros.

Hengeler Mueller advises J.P. Morgan on sale of office property in Frankfurt

22 Feb 2016

A fund managed by J.P. Morgan Asset Management -Real Global Assets has sold the office building Theodor-Heuss-Allee 50 in the west of Frankfurt’s city centre with approximately 31,800sqm to an open-end fund managed by the French asset manager Amundi Real Estate and the Finnish pension insurance company Ilmarinen. The office building is fully let to Commerzbank AG.

Hengeler Mueller, alongside BNP Paribas Real Estate and CBRE Group, advised the sellers on all legal aspects of the share deal transaction, including the refinancing of

Clifford Chance advises Atrium on the sale of Czech retail portfolio

16 Feb 2016

The Clifford Chance Prague Real Estate team have advised Atrium European Real Estate on the successful sale of a portfolio of retail assets in the Czech Republic. The sale by Atrium, undertaken as part of the rebalancing of its Czech portfolio, included the disposal of ten of its non-strategic assets to a private client account managed by Palmer Capital, a real estate investment management company. The asset value of the sale exceeded EUR 100 million.

1 BILLION EURO MEGA-PORTFOLIO DEAL "AQUA" CLOSED: WOLF THEISS ADVISES UNION INVESTMENT IN SALE OF AUSTRIAN ASSETS "SOLARIS" AND "FLORIDO-TOWER" TO AMUNDI

16 Feb 2016

Vienna, 11 February 2016 – The large-scale real estate deal "Aqua" was successfully concluded at the beginning of the year. The "Florido Tower" and Solaris" office buildings, both located in Vienna, have been acquired by Amundi Real Estate. Wolf Theiss provided Union Investment with legal representation in the deal.

Wolf Theiss' mandate encompassed both the execution of the vendor due diligence for "Florido Tower" and "Solaris" and legal advice regarding the share purchase agreement under Austrian law.

Debevoise Advises Beacon Capital Partners in its Sale to AXA Investment Managers - Real Assets of the Tour First Office Tower

16 Feb 2016

The Paris office of Debevoise & Plimpton LLP has advised Beacon Capital Partners (“Beacon”) in the sale of the Tour First office tower to AXA Investment Managers - Real Assets (“AXA IM - Real Assets”).

Beacon owned the tower, which is the tallest building in France, through an investment vehicle of its fund Beacon Capital Strategic Partners V. It first purchased a 50% interest in the building in 2007, acquiring the remaining 50% interest in 2011 after an extensive redevelopment.

Oriflame: Cross-border asset transfer completed

16 Feb 2016

In a cross-border transfer Oriflame Cosmetics Global S.A., Luxembourg has transferred certain assets to Oriflame Cosmetics AG.

In the framework of a group-wide reorganization Oriflame Cosmetics Global S.A., Luxembourg, successfully transferred certain assets, notably intellectual property rights, in a complex cross-border transfer under the Swiss Merger law and equivalent Luxembourg legislation to Oriflame Cosmetics AG, Schaffhausen and thereby increased the share capital of Oriflame Cosmetics AG.

Heuking Kühn Lüer Wojtek advises AXA on the sale of "Phönix Center" in Fürth

15 Feb 2016

A team led by Dr. Peter Zimmermann, Partner at business law firm Heuking Kühn Lüer Wojtek’s Düsseldorf office, legally advised AXA Investment Managers on the sale of "Phönix Center" in Fürth on behalf of fund company Property Trust Fuerth S.à.r.l. The property with a total investment of some EUR 35 million had been built in 2000 and was expanded in 2011.
 

Herbert Smith Freehills advises Origin Energy on A$110m sale of Mortlake Terminal Station

15 Feb 2016

Herbert Smith Freehills has advised Origin Energy on its agreement to sell the Mortlake Terminal Station to AusNet Transmission, the current operator of the Station, for A$110 million.

The sale of the Mortlake Terminal Station, which connects Origin’s 550MW gas-fired Mortlake Power Station to Victoria’s electricity transmission system, is the first of a series of infrastructure asset sales by Origin Energy as part of an asset divestment program announced in September 2015.

Norton Rose Fulbright advises MRC Global Inc. in US$48M sale of its US OCTG business to Sooner Pipe, L.L.C.

12 Feb 2016

Norton Rose Fulbright Houston office represented MRC Global Inc., the largest global OCTG distributor based on sales, of pipe, valves and fittings and related products and services to the energy industry, in the sale of its US OCTG business to Sooner Pipe, L.L.C., a subsidiary of Marubeni-Itochu Tubulars America, Inc.

Freshfields advises Anheuser-Busch InBev on its binding offer from Asahi to acquire part of SAB Miller’s European Business

12 Feb 2016

Freshfields Bruckhaus Deringer has advised Anheuser-Busch InBev, the world’s largest brewer and owner of the Budweiser, Stella Artois and Corona brands, on the sale of part of SAB Miller’s European business.
Anheuser-Busch InBev has received a binding offer from Asahi Group Holdings, Ltd. to acquire Peroni and Grolsch for €2,550 million on a debt free/cash free basis. The transaction is in line with Anheuser-Busch InBev’s commitment to proactively address potential regulatory considerations in connection with its recommended offer for SABMiller.