RWE AG’s refocussing of its activities to become a leading European electricity producer by means of renewable energy

Freshfields Bruckhaus Deringer LLP is advising RWE AG in its transition to become a leading European electricity producer by means of renewable energy.

RWE and E.ON SE (‘E.ON’) agreed that RWE will sell its 76.8 per cent stake in innogy to E.ON for a 16.67 per cent share in E.ON; substantially all of E.ON’s renewables business and innogy’s renewables business. Additionally, RWE will receive the minority stakes currently held by E.ON’s subsidiary PreussenElektra in the Emsland and Gundremmingen power plants, innogy’s gas storage assets and its stake in the Austrian energy utility Kelag.

As a result of this deal, RWE is set to become the third largest European renewable energy business, and the second largest in wind power specifically. The transaction is subject to various conditions, including approval from the relevant authorities.

The in-house legal team at RWE is led by Dr. Ulrich Rust (General Counsel) and includes Dr. Claas Westermann (Head of M&A Legal), Dr. Christian Kuhn (Head of Corporate, Capital Market and Civil Law), Dr. Florian Fischer (Head of Competition Law & Energy Law) and Thurid Wagner-Henk (Senior Legal Counsel, RWE Power).

The Freshfields team is led by Dr. Andreas Fabritius (picture) and Dr. Tobias Larisch (both M&A) and included Dr. Ulrich Scholz (competition), Dr. Georg Roderburg (tax), Rick van Aerssen, Sundeep Kapila, Dr. Nicholas Günther, Julia Sellmann, Mirko Masek, Dr. Mesut Korkmaz, Dr. Jonathan Boeckmann, Dr. Timo Piller, Janaina Kutzner (corporate), Juliane Ziebarth, Dr. Konrad Riemer (competition), Dr. Mario Hüther (finance), Thomas Richter (tax), Dr. Juliane Hilf, Christine Laciak, Shawn Cooley, Katja Schramm, Dr. Tristan Kalenborn (administrative) and Dr. Moritz Becker (process).

Linklaters advised E.ON on the deal with a team led by Dr. Ralph Wollburg, alongside Staffan Illert, Thomas Schulz, Dr. Jochen Laufersweiler, Dirk Horcher (all Corporate/M&A), Dr. Carsten Grave, Christian Ahlborn, Dr. Neil Weiand, Dr. Urs Lewens, Dr. Sebastian Benz; Associates: Claudia Schneider, Dr. Jens Hollinderbäumer, Dr. Eva Hennen, Dr. Daniel Meyer, Dr. Andreas Zenner, Dr. Alexander Jüngst, Krasen Krastev, Sebastian Klingen, Philipp Hardung (all Corporate/M&A), Christoph Barth and Dr. Julian Böhmer.

Hengeler Mueller advised Berater Innogy on the deal with a team led by Dr. Andreas Austmann, alongise Dr. Matthias Hentzen, Dr. Hartwin Bungert, Dr. Christoph Stadler, Dr. Vera Jungkind; Associates: Dr. Christian Strothotte, Dr. Dominik Hess, Mauritz Rogier, Dr. Adrian Cavin, Dr. Maximilian Schauf, Dr. Deniz Tschammler.

BNP Paribas was advised by Allen & Overy with a team led by Thomas Neubaum, Dr. Hartmut Krause and Dr. Mark Hallett.

 

Involved fees earner: Andreas Austmann – Hengeler Mueller; Christian Strothotte – Hengeler Mueller; Dominik Heß – Hengeler Mueller; Matthias Hentzen – Hengeler Mueller; Hartwin Bungert – Hengeler Mueller; Mauritz Rogier – Hengeler Mueller; Adrian Cavin – Hengeler Mueller; Maximilian Schauf – Hengeler Mueller; Christoph Stadler – Hengeler Mueller; Vera Jungkind – Hengeler Mueller; Deniz Tschammler – Hengeler Mueller; Ralph Wollburg – Linklaters; Staffan Illert – Linklaters; Jochen Laufersweiler – Linklaters; Dirk Horcher – Linklaters; Claudia Schneider – Linklaters; Alexander Jüngst – Linklaters; Krasen Krastev – Linklaters; Sebastian Klingen – Linklaters; Philipp Hardung – Linklaters; Thomas Schulz – Linklaters; Jens Hollinderbäumer – Linklaters; Eva Hennen – Linklaters; Daniel Meyer – Linklaters; Andreas Zenner – Linklaters; Carsten Grave – Linklaters; Christian Ahlborn – Linklaters; Christoph Barth – Linklaters; Neil Weiand – Linklaters; Urs Lewens – Linklaters; Sebastian Benz – Linklaters; Julian Böhmer – Linklaters; Thomas Neubaum – Allen & Overy; Mark Hallett – Allen & Overy; Hartmut Krause – Allen & Overy; Andreas Fabritius – Freshfields Bruckhaus Deringer LLP; Tobias Larisch – Freshfields Bruckhaus Deringer LLP; Rick van Aerssen – Freshfields Bruckhaus Deringer LLP; Sundeep Kapila – Freshfields Bruckhaus Deringer LLP; Nicholas Günther – Freshfields Bruckhaus Deringer LLP; Julia Sellmann – Freshfields Bruckhaus Deringer LLP; Mirko Masek – Freshfields Bruckhaus Deringer LLP; Mesut Korkmaz – Freshfields Bruckhaus Deringer LLP; Jonathan Boeckmann – Freshfields Bruckhaus Deringer LLP; Timo Piller – Freshfields Bruckhaus Deringer LLP; Janaina Kutzner – Freshfields Bruckhaus Deringer LLP; Ulrich Scholz – Freshfields Bruckhaus Deringer LLP; Juliane Ziebarth – Freshfields Bruckhaus Deringer LLP; Konrad Riemer – Freshfields Bruckhaus Deringer LLP; Christine Laciak – Freshfields Bruckhaus Deringer LLP; Shawn Cooley – Freshfields Bruckhaus Deringer LLP; Georg Roderburg – Freshfields Bruckhaus Deringer LLP; Thomas Richter – Freshfields Bruckhaus Deringer LLP; Mario Hüther – Freshfields Bruckhaus Deringer LLP; Juliane Hilf – Freshfields Bruckhaus Deringer LLP; Katja Schramm – Freshfields Bruckhaus Deringer LLP; Tristan Kalenborn – Freshfields Bruckhaus Deringer LLP; Moritz Becker – Freshfields Bruckhaus Deringer LLP;

Law Firms: Hengeler Mueller; Linklaters; Allen & Overy; Freshfields Bruckhaus Deringer LLP;

Clients: BNP Paribas; E.ON; RWE; Innogy;