Hengeler Mueller advises First State Investments on acquisition of EVG
22. October 2014
E.ON, VNG – Verbundnetz Gas Aktiengesellschaft and First State Investments have entered into a definitive agreement regarding the sale of Erdgasversorgungsgesellschaft Thüringen-Sachsen mbH (EVG) to First State Investments. The closing of the transaction is subject to antitrust approval.
EVG was founded in 1990 and owns the gas grid operated by its 100% subsidiary Erdgastransportgesellschaft Thüringen-Sachsen mbH comprising 1,168 kilometres of gas pipelines located across a number of federal states in central Germany, including Thuringia, Saxony, Saxony-Anhalt and Hesse. EVG also owns minority stakes in several local energy utilities (Stadtwerke).
Hengeler Mueller advised First State Investments on the transaction. The Hengeler Mueller team was led by partners Hans-Jörg Ziegenhain (Munich) and Steffen Oppenländer (London) (both Corporate) and included partners Jan D. Bonhage (Energy Law, Berlin), Thorsten Mäger (Merger Clearance, Düsseldorf), Alexander G. Rang (Finance), Stefanie Beinert (Tax), Hendrik Bockenheimer (Labor Law) and Christian Schmies (Investment Law) (all Frankfurt) as well as counsels Axel Gehringer (Finance, Frankfurt) and Daniel J. Zimmer (Energy Law and Merger Clearance, Düsseldorf) and associates Georg Heiß, Christian Lutz (both Corporate, Munich), Malte Wundenberg (Corporate, London), Moritz Rademacher (Energy Law, Düsseldorf), Jan Penselin (Finance, Frankfurt/London) and Eckbert Müller (Labor Law, Frankfurt).