Norton Rose has advised German utility giant RWE on its E9.3bn (£8.4bn) takeover of Dutch rival Essent, the latest in a series of big-money mergers involving European utility companies. Freshfields Bruckhaus Deringer advised Essent as RWE, Germany's second-largest utility and the fifth-largest in Europe, paid around 9.6 times Essent's estimated pre-tax annual earnings to complete the deal.
January 13, 2009 at 09:51 AM
1 minute read
The original version of this story was published on Legalweek
Norton Rose has advised German utility giant RWE on its E9.3bn (£8.4bn) takeover of Dutch rival Essent, the latest in a series of big-money mergers involving European utility companies.
Freshfields Bruckhaus Deringer advised Essent as RWE, Germany’s second-largest utility and the fifth-largest in Europe, paid around 9.6 times Essent’s estimated pre-tax annual earnings to complete the deal.
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