Bech-Bruun advises Energinet.dk on the acquisition of ten transmission companies
Energinet.dk’s acquisition of ten regional transmission companies in Denmark, which are owned by a total of 41 different sellers, has been made public. Bech-Bruun has advised Energinet.dk during the entire process.
The total value of the transaction amounts to DKK 5.7bn.
For Bech-Bruun, the preparatory work was commenced back in 2011, but the transaction was mainly performed in the first half of 2012. In the period from January to May, a comprehensive due diligence investigation was completed in respect of all ten companies, and, in the period from March to June, intensive negotiations were conducted with Dansk Energi representing the sellers and directly with the individual sellers. Closing is expected to take place on 20 August 2012.
Several of Bech-Bruun’s legal practice groups have been involved in the extensive work, including M&A Corporate, Energy & Climate and Public Law. The partners mainly responsible are Per Hemmer, specialised and highly experienced in rendering advice within the energy business, Simon Milther, expert in energi transactions, and Peter M. Andersen who specialises in M&A with special expertise within business transactions.
Read more on energinet.dk/en