Allen & Overy advised ENGIE on the sale of 100% of its shares in ENGIE Energia Polska, the owner of Elektrownia Polaniec, to ENEA S.A.

ENGIE Energia Polska is the fifth largest power producer in Poland. It operates a power plant in Polaniec with a capacity of 1.9 GW consisting of seven coal fired units and the world's largest biomass fired boiler of 205 MW. Following the transaction, ENEA will be the largest power producer in Poland.

The Allen & Overy team was led by partner Jaroslaw Iwanicki and counsel Kamil Jankielewicz who were supported by senior associate Lukasz Lech and counsel Justyna Michalik on competition law aspects.

"We are very proud to have advised ENGIE on this project that is one of the largest M&A transactions in the energy sector in Poland in recent years," said Jaroslaw Iwanicki, partner in charge of Allen & Overy's M&A practice in Warsaw.  "The fact that ENGIE entrusted us with this project confirms the leading position of our energy practice," added Kamil Jankielewicz who is in charge of Allen & Overy's energy practice in Warsaw.