Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Neptune Energy Group (‘Neptune Energy’) on the acquisition of 100 per cent of the shares of VNG Norge AS (‘VNG Norge’) from VNG AG, the German natural gas wholesaler and energy service provider. The transaction closed on 28 September 2018.
 
The transaction adds three producing fields, two development projects and 42 licences to Neptune Energy’s existing portfolio. This was Neptune’s first acquisition announced since the completion of its purchase of ENGIE E&P, on which Freshfields also advised.
 
The Freshfields team was led by partner Sam Newhouse and associate Alex Pantelakis. The team worked together with Kluge in Norway, led by partner Thomas Abrahamsen, and Horten in Denmark, led by partner Christian Tullberg.