Hengeler Mueller advises DONG Energy on the divestment of a 50% stake in offshore wind farm Borkum Riffgrund 2 to Global Infrastructure Partners
08. August 2017
DONG Energy signed an agreement to divest of a 50% stake in the German offshore wind farm Borkum Riffgrund 2 to Global Infrastructure Partners (GIP). The total price amounts to approximately EUR 1,170 m.
DONG Energy is currently constructing the project that will consist of 56 turbines with an aggregate capacity of 450MW in the North Sea. DONG Energy will provide operation and maintenance services and market the power production. The acquisition is subject to approval by the cartel authorities.
Hengeler Mueller advised DONG Energy on the divestment comprehensively. The Hengeler Mueller team was led by partner Nicolas Böhm and included the partners Jens Wenzel (both M&A, Berlin), Jan D. Bonhage (Public Law, Berlin), Thorsten Mäger (Antitrust, Düsseldorf), Martin Klein (Tax, Frankfurt) and Nikolaus Vieten (Financing, Frankfurt), counsels Andreas Breier (M&A/Energy, Berlin) and Jörg Meinzenbach (Antitrust, Düsseldorf) as well as associates Sebastian Schneider (M&A/Energy, Berlin), Jonas Brost and Mandana Bahrampour (both M&A, Berlin), Marc Roberts (Public Law, Berlin), Steffen C. Hörner and Marius Marx (both Tax, Frankfurt), Matthias Berberich (IP, Berlin) and Stephan Häfele (Financing, Berlin).