Wolf Theiss has advised Uniper on the sale of the Gonyu gas-fired combined-cycle 430-megawatt power plant to Veolia. BDO Legal Hungary and Cleary Gottlieb reportedly advised Veolia.
The transaction remains contingent on regulatory approval.
Uniper is a German multinational energy company based in Duesseldorf, Germany, and has been a state-owned enterprise since late 2022.
Veolia is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management, and energy services.
According to Wolf Theiss, "Uniper has signed a share purchase agreement to sell Hungary's most modern gas-fired combined-cycle 430-megawatt power plant located in Gonyu, Hungary, to Veolia. Uniper is selling 100% of the shares in Uniper Hungary Energetikai, the Gonyu power plant operator, to Veolia Invest Hungary, a subsidiary of Veolia."
The Wolf Theiss team included Budapest-based Partner Laszlo Kenyeres, Counsel Norbert Balint, Senior Associate Zoltan Bodog, and Associates Bence Kalman and Kinga Kajcsos as well as Vienna-based Partner Sarah Wared.
