White & Case Advises EPH on EUR 10.6 Billion Joint Venture with TotalEnergies

"White & Case advised Energeticky a Prumyslovy Holding (EPH) on the creation of a 50/50 joint venture with TotalEnergies to operate a flexible power generation platform valued at approximately EUR 10.6 billion. Under the transaction, EPH sells a 50% interest and receives EUR 5.1 billion in TotalEnergies shares (95.4 million new shares, ~4.1% of capital)."

White & Case advised Energeticky a Prumyslovy Holding (EPH) in connection with the establishment of a 50/50 joint venture with TotalEnergies. The transaction establishes a joint venture that values the combined platform at approximately EUR 10.6 billion and will operate and further develop a flexible power generation portfolio across key European markets. The portfolio comprises gas-fired power plants, biomass assets, battery energy storage systems and B2B energy supply activities, with operations envisaged in Italy, the Netherlands, the UK, Ireland and, subject to consultation, France. Under the terms agreed, EPH will sell a 50% interest in its existing flexible power generation assets to TotalEnergies. In consideration, EPH will receive EUR 5.1 billion worth of TotalEnergies shares, corresponding to 95.4 million newly issued ordinary shares and representing approximately 4.1% of TotalEnergies’ share capital. White & Case represented Energeticky a Prumyslovy Holding (EPH) with a team composed by: Vit Stehlik (Partner, Prague) and additional White & Case lawyers based in London, Paris, Milan and Brussels.

White & Case Advises EPH on EUR 10.6 Billion Joint Venture with TotalEnergies

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads