Slaughter and May advises Ørsted on divestment of 50% stake in Hornsea 3 to Apollo‑managed funds

"Slaughter and May advised Ørsted on an agreement to divest a 50% stake in Hornsea 3 to Apollo-managed funds, which are expected to invest approximately $6.5 billion. Hornsea 3, currently the world’s largest offshore wind farm, will power over 3 million UK homes when completed. The transaction is subject to regulatory approvals and is expected to close before year-end."

Slaughter and May advised Ørsted in connection with its agreement to divest a 50% stake in Hornsea 3 to Apollo-managed funds. The transaction concerns Hornsea 3, currently the world’s largest offshore wind farm. When completed, Hornsea 3 will produce enough electricity to power more than 3 million UK homes and will make a significant contribution to the UK’s energy transition agenda. The Apollo-managed funds are expected to invest approximately $6.5 billion. Subject to customary regulatory approvals, the transaction is expected to close before the end of the year and represents an important milestone in Ørsted’s funding plan. Slaughter and May represented Ørsted with a team composed by: Azadeh Nassiri, Partner, Energy & Infrastructure; Michael Corbett, Partner, Energy & Infrastructure; Oliver Moir, Partner, Energy & Infrastructure; Adrian Barrus, Senior Counsel, Energy & Infrastructure; Suhaib Aslam, Associate, Energy & Infrastructure; Iain McCann, Associate, Energy & Infrastructure; David Subel, Associate, Corporate and M&A; Sarah Osprey, Partner, Tax; Lisa Wright, Partner, Competition; Alex Bulfin, Partner, Competition; Simon Bartle, Senior Counsel, Real Estate; Richard Keczkes, Head of Planning.

Slaughter and May advises Ørsted on divestment of 50% stake in Hornsea 3 to Apollo‑managed funds

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