White & Case Advises E.ON on Joint Venture with Igneo for Accelerated High Speed Broadband Rollout in Germany
1 min read
Global law firm White & Case LLP has advised energy company E.ON SE (E.ON) on the establishment of a joint venture with Igneo Infrastructure Partners (Igneo).
Igneo is acquiring a 50 percent participation in Westenergie Breitband GmbH, a wholly owned indirect subsidiary of E.ON. The newly formed company will accelerate the expansion of high speed broadband infrastructure to provide 1.5 million households and wholesale customers across Germany with high speed broadband connections.
The transaction is expected to close in the fourth quarter of 2022, subject to customary approvals.
E.ON is an international investor-owned energy company headquartered Germany, and one of Europe’s largest energy companies with around 72,000 employees and more than 51 million customers.
Igneo is an autonomous investment team of First Sentier Investors Group that invests in infrastructure companies in Europe, North America, Australia and New Zealand. It manages US$14.6 billion in assets (as of March 31, 2022) on behalf of more than 120 institutional investors around the world.
The White & Case team which advised on the transaction was co-led by partner Jörg Kraffel (Berlin) and counsel Carsten Rodemann (Berlin) included partners Andreas Lischka, Sébastien Seele, Bodo Bender (all Frankfurt) and Tilman Kuhn (Düsseldorf & Brussels), local partners Thilo-Maximilian Wienke (Düsseldorf) and Sebastian Stütze (Frankfurt), counsel Kathrin Ahting and Andreas van den Eikel (both Berlin) and associates Laura Ashoff, Constantin Meimberg (both Berlin), Verena Rudolph (Düsseldorf), Martin Junker (Berlin), Mathias Bogusch, Alisa Preissler and Justus Redeker (all Frankfurt).
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