Clifford Chance advises Mitsubishi Corporation and Chubu on EUR 4.1 billion acquisition of Eneco

26 November 2019

Jeroen Thijssen , Hein Tonnaer , Tim Heerschop , Liesbeth Buiter , Floris van de Bult , Wijnanda Rutten , Sanne Blankestijn , Jaap Tempelman , Andrei Mikes , Nolan Groenland , Stern Flik , Robin Houtveen , Dirk-Jan Duynstee , Siert Klinkhamer , Alex Nourry , Chandralekha Ghosh , Deepaloke Chatterjee , Dimitri Slobodenjuk , Kirsty Souter , Dorothée Vermeiren , Anselm Raddatz , Mathias Elspaß , Christopher Fischer , Dimitri Slobodenjuk , Robin Traas , Iga Mamczarz
Amsterdam

Clifford Chance advises Mitsubishi Corporation and Chubu on EUR 4.1 billion acquisition of Eneco

Clifford Chance advises a consortium, led by Mitsubishi Corporation, on the acquisition of Dutch energy company Eneco. The shareholders' committee, consisting of multiple Dutch municipalities, and Eneco reached agreement with a consortium of Mitsubishi Corporation, the global integrated business enterprise, and Chubu, Japan's third largest energy utility company, on an offer for Eneco for a value of EUR 4.1 billion. Mitsubishi Corporation and Chubu will fund and own respectively 80% and 20% of the shares in Eneco.

Active mainly in the Netherlands, Belgium and Germany, Eneco boasts the second largest share of the Dutch energy market, with a portfolio that includes an installed capacity of approximately 1,200 megawatts in renewable energy assets. Eneco has been a 100% green energy provider to its consumer clients since 2011, its aim being to lead Europe’s transition to renewable energy sources. With the consortium led by Mitsubishi Corporation as new shareholder, Eneco strengthens its sustainable course and further expands internationally.
Please click here to read the joint press release of the shareholders' committee, Eneco and the consortium in full.

The Clifford Chance cross-practice team was led by Jeroen Thijssen and Hein Tonnaer and furthermore consisted of Tim Heerschop, Katja Busuladzic, Luc van Oosterhout and Robin Traas (M&A), Liesbeth Buiter, Thomas Heijerman, Charlotte Smit and Johanneke Butijn (Projects), Floris van de Bult, Wijnanda Rutten, Sanne Blankestijn and Sabine van den Heuvel (Employment), Jaap Tempelman, Andrei Mikes and Shila Ruff (IP/IT), Nolan Groenland, Stern Flik and Robin Houtveen (Tax), Dirk Jan Duynstee, Tom Salemink and Siert Klinkhamer (Litigation), Jasper Dijkshoorn, Rutger Dekker, Moussa Louizi, Gesrow Hamid and Iga Mamczarz (Finance), Leen Kranenburg (Notary), Alex Noury, Chandralekha Ghosh, Deepaloke Chatterjee, Dimitri Slobodenjuk and Celine Vermeulen (Antitrust), Kirsty Souter, Patricia Barrat, Andreas Formosa (English law), Gillis Waelkens, Matthias De Bauw, Pauline Riga, Dorothee Vermeiren, Corentin Desmet (Belgian law) and Anselm Raddatz, Christophe Nensa, Florian Reiling, Philipp Büsch, Mathias Elspaß, Denise Rosenau, Christopher Fischer, Dimitri Slobodenjuk (German law).