Clifford Chance advises bank syndicate on the financing of STEAG's acquisition of two incineration plants
The energy group STEAG GmbH based in Essen has successfully refinanced the acquisition of two incineration plants through external funding. In early/mid-2017 STEAG Waste to Energy GmbH acquired Vattenfall's shares in the plants Thermische Abfallbehandlung Lauta GmbH & Co. oHG and IKW Rüdersdorf GmbH. Clifford Chance provided legal advice to the banks concluding the loan agreement, Landesbank Hessen-Thüringen Girozentrale and KfW IPEX-Bank GmbH.