Slaughters, Links and Hengeler advise RWE AG on €5.1bn sale of oil and gas arm
Slaughter and May, Hengeler Mueller and Linklaters have acted on the €5.1bn (£4.3bn) sale of RWE AG's oil and gas business to Russian investment vehicle LetterOne Group. RWE - one of Europe's five leading energy companies – has agreed to sell the holding company for its oil and gas unit, RWE Dea, to LetterOne Group, which was set up by Russian private investment group Alfa. RWE Dea has interests in 14 countries including Germany, the UK, Norway, Denmark and Egypt.
March 17, 2014 at 10:28 PM
2 minute read
Slaughter and May, Hengeler Mueller and Linklaters have acted on the €5.1bn (£4.3bn) sale of RWE AG's oil and gas business to Russian investment vehicle LetterOne Group.
RWE – one of Europe's five leading energy companies – has agreed to sell the holding company for its oil and gas unit, RWE Dea, to LetterOne Group, which was set up by Russian private investment group Alfa. RWE Dea has interests in 14 countries including Germany, the UK, Norway, Denmark and Egypt.
Slaughters and Hengeler advised RWE on the transaction. The Slaughters team was led by corporate and oil and gas partner Hywel Davies while Hengeler fielded a team led by partners Matthias Hentzen and Thomas Meurer.
Linklaters advised LetterOne, with a team led out of Dusseldorf including corporate partners Ralph Wollburg, Tim Johannsen-Roth and Christopher Bremme.
The deal is subject to final documentation, RWE Supervisory Board approval and regulatory approval in various jurisdictions.
In 2006, Slaughters fought off competition from RWE's regular lead corporate counsel Linklaters to act on RWE's disposal of Thames Water. The instruction was seen as a significant one at the time for Slaughters after they advised Thames Water opposite Linklaters in 2000 when the British supplier was taken over by the German company.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 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 All
Ropes & Gray, Willkie Farr, KWM, Dechert Act on Xerox's $1.5B Buy in China
Freshfields, MoFo Act on $1.8B TOPPAN Deal As Japan's US Buying Spree Continues
Cox & Palmer to Merge with Benson Buffett in St. John’s, Canada’s Easternmost City
2 minute readTrending Stories
- 1'Largest Retail Data Breach in History'? Hot Topic and Affiliated Brands Sued for Alleged Failure to Prevent Data Breach Linked to Snowflake Software
- 2Former President of New York State Bar, and the New York Bar Foundation, Dies As He Entered 70th Year as Attorney
- 3Legal Advocates in Uproar Upon Release of Footage Showing CO's Beat Black Inmate Before His Death
- 4Longtime Baker & Hostetler Partner, Former White House Counsel David Rivkin Dies at 68
- 5Court System Seeks Public Comment on E-Filing for Annual Report
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
