BPV Huegel, working with Linklaters, has advised the Macquarie European Infrastructure Fund 4 on the sale of its Energie Steiermark stake to the Province of Styria for EUR 525 million. DSC Doralt Seist Csoklich and, reportedly, Schiefer Rechtsanwaelte advised the Province of Styria.
According to BPV Huegel, "Energie Steiermark is one of the largest energy distribution and service companies in Austria, with subsidiaries in Slovenia, the Czech Republic, France, and Germany. Headquartered in the province of Styria, Energie Steiermark operates a 31,300-kilometer electricity grid network and a natural gas supply network of around 4,200 kilometers."
Energie Steiermark also provides district heating, e-mobility services, and electricity generation from renewable energy sources, including wind, hydropower, solar, and biomass plants. "The business aims to significantly expand Energie Steiermark’s role for clean energy within the grid through additional investment in smart grid infrastructure alongside the deployment of new wind, solar, and hydropower capacity,” BPV Huegel reported.
BPV Huegel’s team included Partners Thomas Lettau, Christoph Nauer, Christian Schneider, Nicolas Wolski, and Gerhard Fussenegger, Attorney at Law Johannes Mitterecker, and Associates Tamara Tomic and Anna Zirkler.
The DSC Doralt Seist Csoklich team included Partner Peter Csoklich.