BaFin approves for the first time unpaid equity commitment as a Tier 2 ancillary own-fund item, creating a cash-efficient alternative to group-internal own-fund financing
17 May 2024
On August 12, 2009, E.ON AG, the largest energy company in Germany, has reached an agreement with the municipal buyer consortium Integra/KOM9, an alliance comprising 50 public utilities, on the sale of Thüga AG. The purchase price amounts to € 2.9 billion. The closing of the transaction is subject to the approval by the competent merger control authorities.
Hengeler Mueller has provided advice to E.ON AG on this transaction. The Hengeler Mueller team was led by partner Hans-Jörg Ziegenhain (Corporate, Munich) and included partners Thorsten Mäger (Competition, Düsseldorf), Dirk Uwer (Energy, Düsseldorf), Viola Sailer-Coceani (Corporate, Munich), Wolfgang Kellenter (IP/IT, Düsseldorf), Martin Klein (Tax, Frankfurt) and Christian Hoefs (Labour, Frankfurt) as well as associates Michael Brellochs, Fabian Dietz-Vellmer, Atilla Oldag, Alexander Ego, Anselm Thoma (all Munich), Bastian Grimm, Anne Isabell Krämer, Steffen Lieske (all Frankfurt), Christian Schröder, Daniel Zimmer, Simeon Held, Thoralf Herbold, Marnie Silny, Christopher Strehle (all Düsseldorf).
