Magic circle duo take lead roles as E.ON and RWE agree €43bn asset swap deal
Germany's Hengeler also advising as E.ON takes controlling stake in Innogy
March 12, 2018 at 11:20 AM
2 minute read
The original version of this story was published on Law.com
Linklaters, Freshfields Bruckhaus Deringer and Hengeler Mueller are all advising on E.ON's €43bn (£38bn) deal to acquire a controlling stake in renewable energy business Innogy from German rival RWE.
The deal has been structured as an asset swap, with E.ON acquiring Innogy's regulated energy networks and customer operations, and RWE taking on the renewables businesses of both E.ON and Innogy, as well as a 16.7% stake in E.ON.
Linklaters is taking the lead role for E.ON, fielding a team led by Duesseldorf corporate partners Ralph Wollburg and Staffan Illert.
Freshfields is understood to be advising RWE, with a team comprising corporate partners Andreas Fabritius and Tobias Larisch, and competition partner Ulrich Scholz.
Leading German firm Hengeler, meanwhile, is acting for Innogy. The firm's team is being led by corporate partners Andreas Austmann, Matthias Hentzen and Hartwin Bungert, antitrust partner Christoph Stadler and public law partner Vera Jungkind.
Hengeler also advised RWE and Innogy on the latter's 2016 listing on the Frankfurt Stock Exchange.
Last year, Hengeler and Freshfields took lead roles on the merger of Npower and SSE's UK retail operations, a deal that created a new independent British retail energy company part-owned by Npower parent Innogy. Hengeler advised Innogy alongside best friend firm Slaughter and May, while Freshfields acted for SSE.
RWE's original acquisition of Innogy in 2002 handed a lead role to Allen & Overy, with Linklaters advising Innogy.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGoodwin to Launch Brussels Office With Quinn Emanuel Antitrust Partner
3 minute readDespite Brexit, UK Lawyers Still Dominate on Big EU Antitrust Lawsuits
7 minute readHow to Litigate Before the EU’s Top Court, the European Court of Justice
5 minute readSemiconductor Component Maker Accused of Deceiving Investors About Market Downturn, Export Curbs
3 minute readTrending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250