Clifford Chance has advised ENGIE on the sale of its upstream and midstream LNG activities, liquefaction, shipping and international LNG trading, for an aggregate value of US$2.04 billion, including an earn-out of up to US$550 million based on future oil market developments.

Paris corporate partner Mathieu Remy is leading the cross-practice, cross-jurisdiction team with support from counsel Olivier Jouffroy and Sue Palmer and associates Marine Larrue-Duin and Adeline Nayagom; Finance counsel Pierre-Benoit Pabot du Châtelard; London corporate partners David Lewis and Graham Phillips with support from associates Alex Franks, Angela Becker and Claire Zhu; US partners David Evans and George Kleinfeld; Antitrust partner Alex Nourry with support from Jennifer Storey; Employment partner François Farmine with support from Alban Tourneux and Wassilla Kameche; Tax partner Alexandre Lagarrigue with support from Jitka Susankova; Shipping partner Gervais Green; Commercial contracts partner Dessislava Savova with support from counsel Alexander Kennedy; and James Shepherd in Environment.

ENGIE was advised internally by Marouan Niazy, Deputy Group General Counsel M&A, corporate and finance and Jérôme Jubineau, Head of Tax Laurence Jaton and Tanguy Stinglhamber.

Clifford Chance's success in advising on complex M&A deals in the sector was reflected in the latest Legal 500 and IFLR rankings, with the firm being ranked in Tier 1 for Oil & Gas in both directories.