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Slaughter and May Advises Centrica on Sale of Power Stations to EPH

Slaughter and May Advises Centrica on Sale of Power Stations to EPH

Czech Republic

Slaughter and May has advised Centrica plc on the sale of its operational Langage and South Humber Bank combined cycle gas turbine power stations with a combined capacity of 2.3GW to a subsidiary of Energeticky a prumyslovy holding, a. s. for GBP 318 million in cash (subject to customary working capital and other completion adjustments).

The transaction remains subject to EU merger clearance and is expected to complete during the second half of 2017.

The Slaughter & May team was led by Partners Tim Pharoah, Richard Todd, Jordan Ellison, Sandeep Maudgil, Duncan Blaikie, and Gareth Miles, Senior Counsel Sam Brady, and Associates James Odom, Oliver Gratton, Tom Inker, Rory Botros, Bronwen Hutchison, Emma Waterhouse, Lucy Duane, Nikhil Shah, and Owen Williams.

Slaughter & May did not respond to an inquiry about counsel for the buyers.

Editor's Note: After this article was published White & Case announced that it had advised EP UK Investments Limited (EP UKI), the UK business of Energeticky a Prumyslovy Holding, a.s. (EPH), on the deal. The firm's team was led by London-based White & Case Partner John Cunningham and included Partners Kirsti Massie, Victoria Landsbert, Nicholas Greenacre, Philip Trillmich, and Peita Menon, Counsel Tallat Hussain, and Associates Jee Ha Kim, James Golunski, Helen Levendi, Joanne Abbott, Laura Hoyland, Emma Roker, Katy Norman, Katherine Halliwell and Kate Russell.