Baker McKenzie has advised EP Power Europe, a.s., a subsidiary of the Czech energy supply company Energeticky a Prumyslovy holding, a.s., on the acquisition of the STEAG Power Minerals Group.
Financial terms were not disclosed.
STEAG Power Minerals Group recycles and resells, among other things, residues arising from hard coal combustion in coal-fired power plants. In addition, it invests in projects that focus on the exploration of alternative material sources in order to ensure the long-term sustainability of the business in the context of the coal phase-out in Europe.
Energeticky a Prumyslovy holding is a Central European energy group that owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, Ireland, the UK, France, and Switzerland.
Baker McKenzie's team was led by Berlin-based Partner Thorsten Seidel and Counsels Holger Engelkamp and Claire Dietz-Polte, with the assistance of Vienna-based Partner Andreas Traugott and Associate Nina Lenhard and Warsaw-based Counsel Mikolaj Piaskowski, Senior Assoiate Michal Derdak, and Associate Marta Banas, in addition to lawyers in the firm's German offices.
Baker McKenzie did not reply to our inquiry on the matter.
Editor's note: After this article was published, Baker McKenzie informed CEE Legal Matters that Orrick Germany had advised the sellers, STEAG GmbH, on the deal.