CGN Europe Energy acquisition of 75% stake in Markbygden 650MW wind farm

21/1/2019

Private acquisition

Status:

Completed

Date:

21/1/2019

Overview:

China General Nuclear European Energy (CGN Europe Energy) has acquired a 75% stake in the Markbygden 650MW wind farm development in Sweden from GE Capital (GE) and Green Investment Group (GIG).
In 2017, GE and GIG jointly acquired the project from Svevind. CGN Europe Energy has subsequently acquired GIG’s full equity stake (50%) and half of GE’s equity stake (25%).

Jurisdiction:

Sweden

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Sweden

Industry sector:

Energy

Firms:

CMS

Party: GE Capital (Seller)

Party: Green Investment Bank (Seller)

Eversheds Sutherland

Party: CGN Europe Energy (Acquirer)

Lawyer: Jason Lovell

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