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Clifford Chance advises ENGIE on the sale of assets to Total creating second largest global LNG player

9 November 2017

Clifford Chance advises ENGIE on the sale of assets to Total creating second largest global LNG player

Clifford Chance has advised ENGIE on the sale of its upstream and midstream LNG activities, liquefaction, shipping and international LNG trading, for an aggregate value of US$2.04 billion, including an earn-out of up to US$550 million based on future oil market developments.

Paris corporate partner Mathieu Remy is leading the cross-practice, cross-jurisdiction team with support from counsel Olivier Jouffroy and Sue Palmer and associates Marine Larrue-Duin and Adeline Nayagom; Finance counsel Pierre-Benoit Pabot du Châtelard; London corporate partners David Lewis and Graham Phillips with support from associates Alex Franks, Angela Becker and Claire Zhu; US partners David Evans and George Kleinfeld; Antitrust partner Alex Nourry with support from Jennifer Storey; Employment partner François Farmine with support from Alban Tourneux and Wassilla Kameche; Tax partner Alexandre Lagarrigue with support from Jitka Susankova; Shipping partner Gervais Green; Commercial contracts partner Dessislava Savova with support from counsel Alexander Kennedy; and James Shepherd in Environment.

ENGIE was advised internally by Marouan Niazy, Deputy Group General Counsel M&A, corporate and finance and Jérôme Jubineau, Head of Tax Laurence Jaton and Tanguy Stinglhamber.

Clifford Chance's success in advising on complex M&A deals in the sector was reflected in the latest Legal 500 and IFLR rankings, with the firm being ranked in Tier 1 for Oil & Gas in both directories.