Npower’s merger with SSE’s domestic retail operations in Great Britain


innogy SE and SSE plc have agreed to merge innogy’s British retail business Npower with SSE’s household energy and energy services business in Great Britain to form a major, independent British retail energy company.

Following completion, innogy will own 34.4 per cent and SSE shareholders will hold 65.6 per cent of the combined retail company, which will be listed on the London Stock Exchange.

The transaction is subject to the approval of the supervisory board of innogy and of SSE’s shareholders, as well as approval by competition and regulatory authorities.

Slaughter and May is supporting innogy’s in-house legal team, led by Claudia Mayfeld (General Counsel), Tobias Bage (M&A) and Malte Abel (Competition).

Slaughter and May is advising innogy on the deal with a Corporate and Commercial team led by Richard Smith (partner, in picture), Tim Boxell (partner), Alexander Dustan (associate), Anthony Doolittle (associate), Heather Fleming (associate), Katharina Hesse (visiting lawyer), Ed Weston (associate), Matthew Triggs (associate), Richard Bach (trainee), Olivia Hosker (trainee), Oliver Denne (trainee); a Competition team led by Lisa Wright (partner), Christopher Wright (special advisor), Kate Houston (associate), Florian von Schreitter (visiting lawyer), Andrew Gilbert (associate), Luke Hazelden (associate), Ben Plant (associate), Molly Whitehall (trainee), Serena Coulson (trainee), Christina Sweeney-Baird (trainee); a Pensions and Employment team led by Charles Cameron (partner), Padraig Cronin (partner), Daniel Schaffer (partner), David Rintoul (associate), George Carr (associate), Adam van Schaik (trainee); a Financing team led by Ed Fife (partner), Alexander Short (associate); a Real Estate team led by Sam Brady (senior counsel), Paul Roberton (associate); an IP/IT team led by Rob Sumroy (partner), Oliver Howley (associate), Harry Vanner (associate); a Tax team led by Gareth Miles (partner), Ed Milliner (associate), Kyle O’Sullivan (associate); and a Financial Regulation team led by Nick Bonsall (partner), alongside Chris Hurn (associate).

Hengeler Mueller is advising innogy with a team led by Andreas Austmann (Partner) and Thomas Meurer (Partner).

Involved fees earner: Andreas Austmann – Hengeler Mueller; Thomas Meurer – Hengeler Mueller; Richard Smith – Slaughter and May; Tim Boxell – Slaughter and May; Alexander Dustan – Slaughter and May; Anthony Doolittle – Slaughter and May; Heather Fleming – Slaughter and May; Katharina Hesse – Slaughter and May; Ed Weston – Slaughter and May; Matthew Triggs – Slaughter and May; Richard Bach – Slaughter and May; Olivia Hosker – Slaughter and May; Oliver Denne – Slaughter and May; Lisa Wright – Slaughter and May; Christopher Wright – Slaughter and May; Kate Houston – Slaughter and May; Florian von Schreitter – Slaughter and May; Andrew Gilbert – Slaughter and May; Luke Hazelden – Slaughter and May; Ben Plant – Slaughter and May; Molly Whitehall – Slaughter and May; Serena Coulson – Slaughter and May; Christina Sweeney-Baird – Slaughter and May; Charles Cameron – Slaughter and May; Padraig Cronin – Slaughter and May; Daniel Schaffer – Slaughter and May; David Rintoul – Slaughter and May; George Carr – Slaughter and May; Ed Fife – Slaughter and May; Alexander Short – Slaughter and May; Nick Bonsall – Slaughter and May; Chris Hurn – Slaughter and May; Samantha Brady – Slaughter and May; Paul Roberton – Slaughter and May; Rob Sumroy – Slaughter and May; Oliver Howley – Slaughter and May; Harry Vanner – Slaughter and May; Gareth Miles – Slaughter and May; Ed Milliner – Slaughter and May; Kyle O’Sullivan – Slaughter and May;

Law Firms: Hengeler Mueller; Slaughter and May;

Clients: Innogy;