Hengeler Mueller advises EPH on acquisition of stake in Mibrag from CEZ
29. July 2011
The Czech energy and industrial holding Energetický a Prumyslový Holding (“EPH”) and the Czech power company CEZ have concluded an agreement on the acquisition of CEZ’s 50% stake in Mitteldeutsche Braunkohlegesellschaft mbH (“MIBRAG”). CEZ and EPH had jointly acquired MIBRAG in 2009. The full acquisition of MIBRAG by EPH is part of a larger transaction, which also includes the sale by EPH of the Czech heating provider Energotrans to CEZ. In addition to the 50% stake in MIBRAG, EPH is also acquiring from CEZ the power plant project Profen, a proposed new lignite power plant in the vicinity of the MIBRAG lignite mines.
Hengeler Mueller advised EPH on this transaction. The Hengeler Mueller team was led by partner Daniel Wiegand (M&A, Munich) and included partner Matthias Scheifele (Tax, Frankfurt) as well as associates Philipp Scheuermann, Alexander Henne (both M&A, Munich) and Jürgen Nosky (Tax, Frankfurt).