Baker McKenzie advised EP Power Europe, a.s. (EPPE), a subsidiary of Czech energy supply company Energetický a průmyslový holding, a.s. (EPH) in connection with the acquisition of STEAG Power Minerals Group. The parties agreed not to disclose any commercial details of the transaction.
Baker McKenzie's advice to EPPE included all legal aspects of the acquisition of STEAG Power Minerals Group except tax law.
"STEAG Power Minerals is one of the European leaders in the segment of fly ash processing and its use saves CO2 emissions, which is our long-term goal of sustainable development. The entire team at Baker McKenzie was very hands-on in their legal advice; Claire Dietz-Polte and Holger Engelkamp excelled in their deep industry knowledge and had a very pragmatic approach to help us get the deal done," says Daniel Košťál, Legal Counsel with EPH
STEAG Power Minerals Group recycles and resells, amongst others, residues arising from hard coal combustion in coal-fired power plants. In addition, STEAG Power Minerals Group invests in projects that focus on the exploration of alternative material sources in order to ensure the long-term sustainability of the business in the context of the coal phase-out in Europe. For example, Icelandic lava sand will be used as a raw material for new abrasive products.
Energetický a průmyslový holding (EPH) is a leading Central European energy group that owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, Ireland, the UK, France and Switzerland. EPH is a vertically integrated energy utility covering the complete value chain. The scope includes also trading and logistics platforms, gas infrastructure management, and real estate development.
Baker McKenzie's global corporate / M&A team advises on more cross-border transactions than any other law firm. Most recently, Baker McKenzie advised Embracer on the takeover of Easybrain Limited, SK Telecom on a joint venture with Deutsche Telekom, Chr. Hansen Holding A / S on the acquisition of Jennewein Biotechnologie GmbH and DBAG on a stakeholding in congatec Holding AG, SAP on the sale of its communication unit SAP Digital Interconnect to Sinch AB, Air Liquide on the sale of Schülke Group to the Swedish financial investor EQT, METRO AG on the sale of its China business and the establishment of a strategic partnership with Wumei, Bayer AG on the sale of its majority stake in the chemical park operator Currenta, SPIE on the acquisition of OSMO, Toppan Printing Co. Ltd. on the takeover of the German Interprint Group and Evonik on the sale of its methacrylate group to Advent International.
Legal advisers to EPPE:
Corporate/M&A/Energy: Holger Engelkamp, Dr. Claire Dietz-Polte (both Counsel), Dr. Thorsten Seidel (Partner, all Berlin)
Further legal advisors involved:
Corporate/M&A/Energy: Vivien Vacha (Associate, Berlin), Dr. Kathrin Weber (Senior Associate, Frankfurt)
Employment: Dr. Matthias Köhler (Partner), Felix Arnold (Associate, both Berlin),
Pensions: Dr. Christian Reichel (Partner), Dr. Anna Verena Boehm (Counsel, both Frankfurt)
Real Estate: Dr. Florian Thamm (Partner, Frankfurt), Dr. Daniel Bork (Senior Associate, Düsseldorf), Nadine Uhrner, Till Pflug (both Associate, both Frankfurt)
Public Law: Dr. Janet Butler (Counsel, Berlin), Katharina Weiner (Counsel, Düsseldorf), Louise Pullmann (Associate, Berlin)
Anti-trust: Dr. Christian Burholt (Partner), Dr. Jonas Brückner (Counsel, both Berlin), Andreas Traugott (Partner), Nina Lenhard (Associate, both Vienna) Mikolaj Piaskowski (Counsel), Michal Derdak (Senior Associate), Marta Banas (Associate, all Warsaw)
IP: Dr. Michael Fammler (Partner), Dr. Markus Hecht (Senior Associate), Lena Weber (Associate, all Frankfurt)