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Clifford Chance advises China Southern Power Grid on acquisition of stake in Encevo, a leading utility company in Luxembourg

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30 October 2018

Clifford Chance advises China Southern Power Grid on acquisition of stake in Encevo, a leading utility company in Luxembourg

Leading international law firm Clifford Chance has advised China Southern Power Grid International (HK) Co., Ltd., the wholly owned investment platform of China Southern Power Grid Co., Ltd. (CSG), on its acquisition of 24.92% stake in Encevo S.A., a leading energy utility company based in Luxembourg, from Ardian, a European based private equity investment house.

Encevo currently operates more than 10,000 km of transmission lines and more than 3,700 km of gas pipelines in Europe. Encevo, through its subsidiaries Creos and Enovos, is primarily engaged in electricity and gas transmission and distribution, electricity and gas supply and renewable energy business.

Headquartered in Guangzhou, CSG is one of the two state-owned companies in China that engages in power transmission, distribution and supply on a trans-regional scale. CSG covers five provinces of one million square kilometres and provides power to over 230 million people. CSG was ranked 110th in Fortune Global 500 company in 2018.

China Co-Managing Partner Terence Foo led the cross-border team together with Christian Kremer in Luxembourg. Terence said, "We are delighted to assist CSG on this milestone investment in the energy sector in Europe, and to support CSG's international expansion."

Terence and Christian were supported by partners Björn C. Heinlein (Dusseldorf), Marc Besen (Dusseldorf), Xavier Remy (Brussels) and Umberto Penco Salvi (Milan). They were supported by counsel Dunja Pralong-Damjanovic (Luxembourg), Dimitri Slobodenjuk (Dusseldorf) and Martin Weitenberg (Dusseldorf), senior associate Fang Bao (Beijing), Florian Wiesner (Dusseldorf) and Michael Wildscheck (Luxembourg), associates Fiona Zhang Fan (Beijing) and Florès Jiang (Luxembourg) and trainee Yanding He (Beijing) and Olivier Caudron Van Wauwe (Luxembourg). Partner Maggie Lo (Hong Kong) and associate Chengcheng Wu (Beijing) advised on the financing.

高伟绅就南方电网收购卢森堡能源公共事业公司Encevo股权项目提供法律服务

领先国际律师事务所高伟绅就中国南方电网有限责任公司(简称“南方电网”)通过其全资持有的投资平台南方电网国际有限责任公司成功收购卢森堡领先能源公用事业公司Encevo的24.92%股权提供法律服务。卖方为欧洲私募股权基金Ardian。

Encevo在欧洲运营超过10000公里的输电线路和超过3700公里的天然气管道。Encevo通过其子公司Creos和Enovos,主要从事输配电、输配气、电力和天然气供应以及可再生能源业务。

南方电网总部位于广州,是在中国从事跨地区范围输配电和供电的两大国有企业之一。该公司覆盖五个省区,供电面积约100万平方公里,供电人口超过2.3亿人。南方电网在《财富》杂志公布的2018年世界500强企业排行榜中名列第110位。

高伟绅中国区联席管理合伙人符国成与卢森堡办公室合伙人Christian Kremer共同领导该项目的跨境团队。符国成律师表示:“我们很荣幸协助南方电网完成这项在欧洲能源领域具有里程碑意义的交易,同时为南方电网的国际业务扩张提供支持。”

符国成律师和Christian Kremer律师牵头的团队还包括合伙人Björn C. Heinlein(杜塞尔多夫)、Marc Besen(杜塞尔多夫)、Xavier Remy(布鲁塞尔)和Umberto Penco Salvi(米兰),并由资深顾问律师Dunja Pralong-Damjanovic(卢森堡)、Dimitri Slobodenjuk(杜塞尔多夫)和Martin Weitenberg(杜塞尔多夫),高级律师包昉(上海)、Florian Wiesner(杜塞尔多夫)和Michael Wildscheck(卢森堡),律师张帆(北京)和Florès Jiang(卢森堡)以及见习律师何颜玎(北京)和Olivier Caudron Van Wauwe(卢森堡)提供支持。劳凯欣合伙人(香港代表处)和吴程程律师(北京代表处)为本次融资提供法律服务。