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Wragge & Co corporate partner Ian Metcalfe played a support role to Powergen’s in-house legal team, led by head of legal Ian Fairclough, on its £52.5m buy-out of a 50% joint venture partner, Siemens Project Ventures, to take full ownership of the gas-fired power station, Cottam Development Centre. He was supported by tax partner Kevin Lowe and corporate associate Ben Gillespie. The Nottinghamshire power station produces power for around 250,000 houses. The target did not instruct external advisers.


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