Linklaters and A&O have won roles on an €8.5bn (£7.4bn) energy buyout, a deal which marks the latest evidence of consolidation in the European utilities market. The magic circle firms have taken scored roles on Swedish utilities company Vattenfall's bid for Dutch energy company Nuon, which was announced this week (23 February).The deal is expected to close in the second quarter of this year subject to regulatory approval, with Swedish Government-owned Vattenfall initially taking a controlling 49% stake before taking over the remainder of the company over a six-year period.
February 25, 2009 at 09:01 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters and Allen & Overy (A&O) have won roles on an €8.5bn (£7.4bn) energy buyout, a deal which marks the latest evidence of consolidation in the European utilities market.
The magic circle firms have taken scored roles on Swedish utilities company Vattenfall’s bid for Dutch energy company Nuon, which was announced this week (23 February).
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