Hengeler Mueller advises RWE AG on the start of RWE Deutschland AG
11. January 2011
RWE AG is bringing together its Group activities in Germany in the areas of networks, distribution and energy efficiency within RWE Deutschland AG as of 1 January 2011. This company, based in Essen, leads as the now largest holding company in the RWE Group legally independent subsidiaries handling distribution, allocation grid operations, network services, gas storage, energy efficiency activities, development and operation of intelligent devices to measure energy consumption as well as the German regional companies.
The RWE Deutschland Group has some 21,000 employees. It provides 6.8 million clients with electricity and one million clients with gas. The annual turnover amounts to EUR 18.3 bn. The Group owns an electricity grid spanning 348,000 kilometres, a 44,000 kilometres gas network and a 6,210 kilometres water network.
Hengeler Mueller has been advising RWE AG on this restructuring. The Hengeler Mueller team was led by partner Hartwin Bungert (Corporate, Düsseldorf) and included partner Christian Hoefs (Labour, Frankfurt) as well as associates Philipp Jansen and Helge Rieckhoff (both Düsseldorf).