EnBW AG And RheinEnergie AG’s Sale Of Shares In MVV Energie AG

Hengeler Mueller advised MVV Energie AG on the transaction, while Linklaters advised First State Investments.

First State Investments will support MVV’s strategic course towards sustainable energy system transformation, which is in line with the Mannheim’s climate policy. The deal will ensure a cost-effective, secure and environmentally-friendly supply of energy and water in addition to securing jobs and expanding key stages in the company’s value chain.

EnBW AG and RheinEnergie AG have reached an agreement in principle with a bidder on the sale of their shareholdings in MVV Energie AG amounting to 45.1% in aggregate. The sale process is run in coordination with MVV Energie AG and the city of Mannheim as majority shareholder. The signing is subject to required board, council and regulatory approvals.

MVV Energie AG generates and distributes electric power and district heating, purchases electricity from a cogeneration plant and operates its own waste-to-energy plant. MVV Energie also distributes natural gas and water and offers a range of related services including energy trading, energy services, contracting, consulting, and facilities management.

First State is a leading manager of, and investor in, infrastructure assets. With more than twenty years’ experience in infrastructure investment, it is one of the longest established managers of infrastructure assets on behalf of institutional investors and currently manages in excess of €8 billion of equity invested across assets in the utility, transport and social infrastructure sectors in Europe, Australia and North America.

The Hengeler Mueller team is led by partner Matthias Hentzen (Picture – Corporate/M&A) and includes partner Carl-Philipp Eberlein (Financial Markets Regulation), counsel Christian Strothotte as well as associate Katharina Hesse (both Corporate/M&A) (all Düsseldorf).

The Linklaters team was led by Dr Florian Harder (Partner, Private Equity/M&A, München) and included Dirk Horcher (Partner, Gesellschaftsrecht/M&A, München), Marc Trinkaus (Partner, Banking Frankfurt), Matthew Devey (Partner, Arbeitsrecht, Frankfurt), Christoph Barth (Partner, Kartellrecht, Düsseldorf), Mark Nuttall (Partner, Kapitalmarktrecht, London), Christopher Bremme (Of Counsel, Gesellschaftsrecht/M&A, Berlin), Dr Chloé Lignier (Managing Associate, Gesellschaftsrecht/M&A, München), Julia Sack (Managing Associate, Energiewirtschaftsrecht, Berlin), Przemyslaw Lipin (Managing Associate, Banking, Frankfurt), Sebastian Meyn (Managing Associate, Öffentliches Wirtschaftsrecht, Berlin), Zac Kedgley-Foot (Managing Associate, Kapitalmarktrecht, London), Dr Veronika Jäger (Associate, Gesellschaftsrecht/M&A, München), Sebastian Witte (Associate, Kapitalmarktrecht, London), Julia Riedle (Associate, Gesellschaftsrecht/M&A, Berlin), Jan Andree (Associate Gesellschaftsrecht/M&A, München), Mathias Cordero (Associate Gesellschaftsrecht/M&A, Berlin), Lisa Katharina Bauer (Associate, Dispute Resolution, Frankfurt) and Caroline Roggenbuck (Associate, Arbeitsrecht, Frankfurt)

Involved fees earner: Carl-Philipp Eberlein – Hengeler Mueller; Matthias Hentzen – Hengeler Mueller; Katharina Hesse – Hengeler Mueller; Christian Strothotte – Hengeler Mueller; Jan Andree – Linklaters; Christoph Barth – Linklaters; Lisa Katharina Bauer – Linklaters; Christopher Bremme – Linklaters; Mathias Cordero – Linklaters; Matthew Devey – Linklaters; Florian Harder – Linklaters; Dirk Horcher – Linklaters; Veronika Jäger – Linklaters; Chloé Lignier – Linklaters; Przemyslaw Lipin – Linklaters; Sebastian Meyn – Linklaters; Mark Nuttall – Linklaters; Julia Riedle – Linklaters; Caroline Roggenbuck – Linklaters; Julia Sack – Linklaters; Marc Trinkaus – Linklaters; Sebastian Witte – Linklaters;

Law Firms: Hengeler Mueller; Linklaters;

Clients: First State Investments International; MVV Energie AG;