BRUSSELS À JOUR – Rockin‘ Around the Christmas Tree
19 December 2024
On 16 March 2014, RWE AG announced that it had agreed terms with LetterOne Group for the sale of RWE Dea AG for an enterprise value of approximately EUR 5.1 bn. The transaction is subject to final documentation, RWE Supervisory Board approval and regulatory approval in several jurisdictions.
RWE Dea AG is the company heading RWE's upstream oil and gas business with interests in 14 countries including Germany, the UK, Norway, Denmark and Egypt.
Hengeler Mueller is advising RWE on the sale in an integrated team with Best Friends law firm Slaughter and May. The Hengeler Mueller team includes partners Matthias Hentzen, Thomas Meurer (both Corporate/M&A), Christoph Stadler (Antitrust), Thomas Schmidt-Kötters, Dirk Uwer (both Regulatory) (all Düsseldorf), Christian Hoefs (HR) and Martin Klein (Tax) (both Frankfurt), as well as associates Gunther Wagner (Tax, Frankfurt), Maurice Séché, Martin Ulbrich (both Corporate/M&A), Jörg Meinzenbach (Regulatory) (all Düsseldorf), Peter Wehner, Eckbert Müller (both HR, Frankfurt), Lars Mesenbrink, Anja Balitzki (both Antitrust), Matthias Cloppenburg and Thomas Himmelmann (both Corporate) (all Düsseldorf). The Slaughter and May team includes partner Hywel Davies (Upstream M&A) as well as associates Dipak Bhundia, Gemma Carr and Samantha Brady (all Corporate/M&A).
