Dentons has advised the electricity and gas provider E.ON Connecting Energies (ECT), a new international unit of E.ON Group, on the acquisition of the Russian Noginsky Teplovoy Center company from AMG Industrial Investment Corporation.
Noginsky Teplovoy Center provides heat and energy through a cogeneration plant to the Noginsk Industrial Park, located about 50 kilometers from Moscow. Tenants of the Noginsk Industrial Park include the chemical and pharmaceutical group Bayer, the retail chain Metro, and the Russian mobile service provider MegaFon. Closing of the transaction is conditional to obtaining Russian merger control approval and is scheduled to take place in spring 2014. Additionally, ECT and DEGA, the Swiss parent company of AMG, entered into a long-term joint-venture agreement to build, own and operate on-site combined heat and power generation facilities for future similar industrial parks in Russia.
The Berlin and Moscow Dentons team led by Berlin Partner Christof Kautzsch advised the buyer during the entire transaction – from due diligence to drafting and negotiating contracts (including contracts under Swiss law) and merger control approval in Russia. Others on the team included Partners Alexei Zakharko and Marat Mouradov, Senior Associate Judith Aron, Counsel Daniel Barth, Of Counsel Nadezhda Gryazeva, and Associates Dennis Azara, Sergey Gurdzhian, and Artashas Oganov.