A joint German and Italian Clifford Chance team advised FCA Bank S.p.A. (FCAB) on the signing of a memorandum of understanding (MoU) for FCA Bank to acquire a majority stake in Ferrari Financial Services AG (FFS AG), a wholly owned subsidiary of FFS S.p.A.
Ferrari Financial Services S.p.A. (FFS S.p.A.) is an Italian indirect subsidiary of Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE).
KB Insurance Co., Ltd. and Natixis S.A. have signed a partnership agreement to co-invest in infrastructure and aviation debt originated by Natixis.
Under the terms of the agreement, signed on Monday 11th April 2016, KB Insurance targets to invest USD 400 million over three years into this asset class.
Samsung Life Insurance Co., Ltd., Samsung Asset Management Co., Ltd and Natixis S.A. have signed a cooperation agreement to co-invest in infrastructure and aviation debt originated by Natixis.
Under the terms of the agreement, signed on Tuesday 19th April 2016, the two Samsung Group entities target to invest USD 500 million over five years into this asset class. Samsung Life will invest on its own behalf, while Samsung Asset Management will place the loans among other Korean institutional investors.
Berwin Leighton Paisner (BLP) has advised Ingenious Real Estate, the property division of alternative investment firm Ingenious, on a joint venture with property developer, Mount Audley.
Freshfields Bruckhaus Deringer LLP (Freshfields) has advised German energy company E.ON on a joint venture with Norwegian energy company Statoil.
Freshfields Bruckhaus Deringer LLP (Freshfields) has advised German energy company E.ON on a joint venture with Norwegian energy company Statoil. The joint venture is for Arkona wind farm.Arkona, which will be located in the Baltic Sea, will have a capacity of 385 megawatts and will be able to provide 400,000 homes with renewable energy. The wind farm is expected to be fully operational in 2019.
Norton Rose Fulbright is advising German open-ended fund Commerz Real Investmentgesellschaft mbH (CRI) in relation to its joint venture and funding arrangements in connection with the extension to the Westfield London shopping centre which, following the extension, will be the largest shopping centre in Europe.
CRI owns the existing Westfield centre at White City in a 50/50 joint venture with Westfield.
Eversheds Saladzius advises Fortum on a substantial joint venture project between Fortum and Lietuvos Energija for co-generation power plant development. We advise Fortum on shareholders agreement, corporate structuring, other significant corporate and commercial matters. This is the most important strategic project in the energy sector in Lithuania in 2015-2016, involving development of combustion (incineration plants) producing heating and electricity (investments more than EUR MIO 100).
Gowling WLG's Life Sciences team has advised argenx on its collaboration with global biopharmaceutical company AbbVie to develop ARGX-115, a potential treatment for cancer.
Patrick Duxbury, head of life sciences, worked with associate Elwin Morgan on the collaboration agreement. Patrick worked closely with senior VP of business development at argenx, Dr Debbie Allen and with CEO Tim van Hauwermeiren.
Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and
affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Siemens and Valeo will each hold a 50% stake in the joint venture and have joint control.
Valeo announced on 18 April 2016 a project to enter into a 50/50 joint venture agreement with Siemens dedicated to high voltage powertrains. Gleiss Lutz advises Valeo on this project.