Gleiss Lutz advises E.ON on sale of its Italian coal and gas generation assets to EPH

Gleiss Lutz has advised E.ON SE, Düsseldorf, on the sale of its Italian coal and gas generation assets to Czech energy company Energetický a Průmyslový Holding (EPH).  

EPH is a vertically integrated energy group based in Prague owning and operating predominantly regulated and contracted energy assets in the Czech Republic, Slovakia, Germany and Poland. The activities which will be sold have a total generation capacity of approximately 4,500 megawatts. They consist of an approximately 600 megawatt coal-fired power plant in Sardinia (Fiume Santo) and approximately 3,900 megawatts of gas-fired power capacity across six power plants located on the Italian mainland and in Sicily.  

The transaction is subject to the approval of the European Union competition authority. The transaction is expected to close in the second quarter of 2015.  

The Gleiss Lutz team for E.ON consists of: Dr. Thomas Menke (lead, partner), Martin Hitzer (partner), Dr. Alexander Schwarz (partner), Dr. Marc Seeger, Dr. Maike Krewet and Beate Kirchner (all corporate/M&A, Düsseldorf).