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Asset Sale: Seller's Counsel

Davis Polk Advises Millicom on the Sale of Its Operations in the Democratic Republic of Congo to Orange

11 Feb 2016

Davis Polk is advising Millicom International Cellular S.A. on the sale to Orange S.A. of its business in the Democratic Republic of Congo, which is operated under the brand “Tigo.” The mobile market in the DRC is undergoing significant growth and is currently the largest mobile market in Central and West Africa after Nigeria with more than 40 million subscribers. This transaction is subject to customary closing conditions.

Baker & McKenzie represents Selecta in sale of operations to KMV group

11 Feb 2016

Baker & McKenzie has advised Swiss-founded Selecta Group in its sale of operations in the Czech Republic, Hungary and Slovakia to KMV Group.

Selecta, a leader for vending and coffee services, currently operates in 21 European countries and serves 6 million people per day. Their annual turnover in 2015 was approximately €725 million.

KMV Group is Central Europe's largest producer of mineral water.

The three businesses being sold employ about 200 people and generated net sales of approximately €14 million in the business year 2014/15.

Slaughter and May advised Centrica plc - joint sale of the Glens of Foudland, Lynn and Inner Dowsing wind farms

10 Feb 2016

Slaughter and May advised Centrica plc on a joint sale, with its 50% joint venture partner EIG Global Energy Partners, of the Glens of Foudland, Lynn and Inner Dowsing wind farms (GLID) to a consortium, comprising the UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock, for an Enterprise Value of £423 million.

Glens of Foudland is an onshore wind farm located in Aberdeenshire and the Lynn and Inner Dowsing offshore wind farms are located off the coast of North East Lincolnshire.

Milbank Advises EIG Global Energy Partners on the Sale of Glens of Foudland, Lynn and Inner Dowsing Wind Farms

10 Feb 2016

LONDON, 8 February 2016 - Milbank, Tweed, Hadley & McCloy LLP has advised EIG Global Energy Partners in the joint sale with their 50% joint venture partner Centrica plc, of the Glens of Foudland, Lynn and Inner Dowsing wind farms (‘GLID’) to a consortium comprising of funds managed by BlackRock and the UK Green Investment Bank Offshore Wind Fund.  The enterprise value is approximately £423 million.

Delphi advisor to the Danish company K/S Karlskrona, Växjö, Karlshamn in the sale of a property

08 Feb 2016

Delphi has assisted K/S Karlskrona, Växjö, Karlshamn in the sale of a property in Karlskrona. Most of the property is occupied by a building built in 2005 which was sold fully leased.

Delphi’s team consisted of responsible partner Anders Hulegårdh assisted by Sofie Backström and Anton Melander

WFW advise Lite-On on sale of six Italian PV plants

05 Feb 2016

Watson Farley & Williams (“WFW“)  advised Lite-On Green Energy B.V., a renewable energy company belonging to the Taiwanese Lite-On Group, on the sale of six PV plants in the Calabria and Lazio region with a total capacity of 4 MW to sale to Luxemburgish fund IKAV EE S.a.r.l.

The WFW team who advised Lite-On on all the contractual, real estate, administrative and regulatory aspects of the transaction was led by Rome corporate partner Tiziana Manenti, assisted by Counsel Luca Sfrecola and associates Cristina Betti and Giovanni Incardona.

Sale of Mawell Group’s Product Business to CSAM Health

04 Feb 2016

We acted as the legal advisor to Mawell Oy in the sale of Mawell Group’s product business to CSAM Health A/S. The sale comprises three subsidiaries of Mawell Oy: Mawell Finland Oy, Mawell Software Solutions AB and Mawell UK Ltd. After the transaction Mawell will continue to operate as a separate business entity focusing on consulting projects through Mawell Scandinavia AB as well as delivering health counselling and elderly care services in Finland through Mawell Care Oy.

Roschier represented Onvest in the sale of a real estate portfolio to Sagax

03 Feb 2016

Roschier represented Onvest Oy in the sale of a real estate portfolio consisting of 15 properties to Sagax. The portfolio was valued at approximately EUR 45 million. The properties are leased out on a long-term basis to Onninen Oy and operated as Onninen Express stores providing mainly technical equipment for industrial clients.

Onvest Group provides with a long tradition technical and construction services as well as investment and property activities with a turnover of approximately EUR 1.8 billion in 2014. Sagax is a real estate investment group listed in Nasdaq Stockholm.