Slaughter and May, working as a team with Hengeler Mueller, is advising RWE AG ('RWE'), one of Europe’s five leading electricity and gas companies, on arrangements with LetterOne Group for the sale of RWE Dea AG for an enterprise value of approximately EUR 5.1 billion. 

The transaction, which was announced on 16 March 2014, is subject to final documentation, RWE Supervisory Board approval and regulatory approval in various jurisdictions.

RWE Dea AG is the holding company for RWE's upstream oil and gas business with interests in 14 countries including Germany, the UK, Norway, Denmark and Egypt.