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RWE/EON disposal of stakes in Enovos International

1/3/2016
Public acquisition, Divestment
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Completed

1/3/2016

Overview:

  • RWE and EON have sold their minority stakes in Enovos International.
  • The acquirers consist of a group led by Ardian and the Grand Duchy of Luxembourg.
  • RWE had held an 18.4% stake while EON held 10%.
  • Reuters estimates the total value of the company at around €2 billion.
  • Enovos is an electricity and gas supplier active in Germany and Luxembourg.

Sam Duke - Editor

Jurisdictions:

Germany
Luxembourg

Deal types:

Public acquisition
Divestment

Practice area:

M&A

Industry sector:

Energy

Firms:
Arendt & Medernach

Party: Ardian (Acquirer)

Lawyer: Laurent Schummer

Baker McKenzie

Party: RWE (Seller)

Party: EON Se Na (Seller)

Lawyers: Christian Vocke, Jean-François Findling

Dechert

Party: Grand Duchy of Luxembourg (Acquirer)

Lawyer: Marc Seimetz

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