Wolf Theiss has advised the principal shareholder of Ara Cursus on the formation of a tri-partite joint venture with Suez and the Eiffel Investment Group. Bird & Bird reportedly advised Suez. BWW Law Firm reportedly advised the Eiffel Investment Group.
Ara Cursus is a developer and operator of anaerobic digestion plants based in Poland.
According to Wolf Theiss, "following the transaction, Suez will hold a 51 % controlling stake in Ara Cursus, Eiffel Investment Group will hold 24.5% of the shares in Ara, and Bourgogne, an affiliate of Alinea Solar France, will retain the remaining 24.5%. The joint venture partners plan to invest approximately EUR 70 million in the construction of a first group of biogas plants and the development of additional anaerobic digestion to biomethane production plants."
The Wolf Theiss team included Partner Maciej Olszewski and Karolina Stawowska and Associates Dominika Getka, Jan Gasiorowski, and Maria Markowska.
Editor's Note: After this article was published, Greenberg Traurig announced it advised Bourgogne on the sale of a 51% controlling stake in ARA Cursus to Suez. The firm's team included Local Partner Konrad Kosicki, Counsel Dorota Derlicka, and Associate Karolina Lewandowska.
