YOUR
Search

    31.10.2023

    ADVANT Beiten Advises VERBUND AG on the Acquisition of a 56 MW Wind Farm Portfolio from Impax

    Press Releases

    Frankfurt, 1 November 2023 – The international law firm ADVANT Beiten has provided comprehensive legal advice to Verbund AG and its subsidiaries on the acquisition of a 56.4 MW wind portfolio in the German federal states of Hesse, North Rhine-Westphalia and Lower Saxony. The seller is an infrastructure fund managed by Impax Asset Management. The parties have agreed not to disclose the purchase price.

     

    The portfolio consists of five operational wind farms with a total of 38.4 MW (in Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a wind project with a planned commissioning in the third quarter of next year with 18 MW (Feldatal).

     

    In the context of the transaction, Verbund AG was advised by an M&A team from ADVANT Beiten specialising in renewable energies. The transaction experts led by partner Dr Christof Aha had already advised Verbund AG on the acquisition of an 86 MW wind portfolio in Rhineland-Palatinate. 

     

    ADVANT Beiten's M&A Renewable team advises national and international investors on the development, operation, acquisition and sale of large wind farms, solar parks and geothermal projects. To this end, the team works across borders with the law firms of the European ADVANT network.

     

    Advisors to VERBUND AG: 

    ADVANT Beiten: Dr Christoph Aha (Lead Partner in charge), Mark Thönißen, Felix Busold, Maik Benedikt Merkens (all Corporate/M&A, Frankfurt), Dr Jochen Reuter, Leopold Linden (both Real Estate, Frankfurt), Katrin Lüdtke (Public Law, Munich)

     

    Inhouse: Dr Patrick Prusa (Verbund AG, Vienna)

     

    Advisor to IMPAX: Taylor Wessing

     

    Public Relations

    Frauke Reuther

    Manager Kommunikation

    ADVANT Beiten

    +49 (69) 75 60 95 - 570

    frauke.reuther@advant-beiten.com

     

    Dr Christof Aha

    Lawyer 

    ADVANT Beiten

    +49 (69) 756095 - 451

    Christof.Aha@advant-beiten.com

     

     

     

    German Federal Court of Justice (BGH) conf…
    A vote cast contrary to a voting commitment is valid, even if all shareholders e…
    Read more
    All gone: retroactive withdrawal of the ma…
    The retroactive and complete withdrawal of a non-competition compensation in the…
    Read more
    General meeting: ban on bringing devices s…
    Shareholders may not generally be prohibited from merely carrying mobile phones …
    Read more
    ADVANT Beiten Advises Dusseldorf-Based MedTech Company CUREosity Again on Financing Round
    Dusseldorf, 2 July 2024 – The international commercial law firm ADVANT Beiten has advised CUREosity GmbH, Dusseldorf, on a growth financing round which brought the medtech company a total of approximately …
    Read more
    ADVANT Beiten Advises Aesculap on Sale of TETEC AG to the Canadian Octane Group
    Dusseldorf, 26 June 2024 – The international law firm ADVANT Beiten has provided interdisciplinary advice to Aesculap AG, a subsidiary of the B. Braun group seated in Melsungen, Germany, on the sale of its…
    Read more
    Infringement of Shareholders' Attendance Rights
    Schleswig Higher Regional Court (OLG), judgment of 07 February 2024 – 9 U 41/23 The right of shareholders to attend the annual general meeting (AGM) of a stock corporation is a fundamental and generally a…
    Read more
    EU Supply Chain Act finalized - relevant for companies worldwide
    It did indeed take quite a while. And there was indeed a lot of back and forth. But now, it is final and binding: Today, the European Council gave its final green light for the so-called EU Corporate Sust…
    Read more
    Liability of Managing Director Despite Formal Approval of Past Actions?
    Brandenburg Higher Regional Court, judgment of 24 January 2024 – 7 U 2/23 A managing director is personally liable to the company if the director negligently or wilfully violates their responsibilities, r…
    Read more
    Boycotting the Supervisory Board by Permanent Absence? – Federal Court of Justice Rejects Appointment by Court
    The German Federal Court of Justice (BGH) takes the stance that a supervisory board member boycotting the board by repeatedly being absent does not give rise to the right to have an additional member appoi…
    Read more