Schoenherr has advised Alpiq Group, a Swiss energy services provider and electricity producer, on the CHF 850 million sale of its industrial business to French building company Bouygues Construction.
Schoenherr assisted Alpiq in Austria, the Czech Republic, and Romania. The transaction is subject to customary conditions including the approval by the relevant antitrust authorities in the EU and Switzerland. Closing is expected in the second half of 2018.
Lausanne-based Alpiq is listed on the Swiss SIX exchange and employs around 8,500 staff. Bouygues Construction is a France-based global construction company which designs, builds, and operates projects in the sectors of building, infrastructure, and industry. According to Schoenherr, "owing to the transaction, Bouygues Construction stands to become a benchmark player in energy and services in Europe.”
The Schoenherr team advising Alpiq was led by Partner Florian Kusznier, who was supported by Austrian Attorney Julia Wasserburger, Counsel Johannes Stalzer, and Associates Teresa Waidmann and Christopher Junger, by Czech Partner Vladimir Cizek, Attorneys Jitka Kadlcikova, Helena Hangler, and Christoph Durr, and by Romanias Partner Madalina Neagu and Attorneys George Ivan, Alexandra Munteanu, and Adriana Stanculescu.
The Alpiq international legal team was led by Switzerland's Homburger firm, with Gleiss Lutz providing advice on aspects of German law.