White & Case Advises EPH on Agreement to Acquire Eggborough Power
Global law firm White & Case LLP has advised Energetický a průmyslový holding (EPH) on its agreement to buy Eggborough Power Limited, an acquisition which marks the group’s entry into the UK market.
EPH is a leading Central European energy group operating mainly in the Czech Republic, Slovakia and Germany. The group includes 40 companies, employing more than 10,000 people, operating in coal extraction, electricity and heat production from conventional and renewable sources, electricity and heat distribution, electricity and gas trading and supply to end users.
London-based White & Case partner Ian Bagshaw, who co-led the Firm’s deal team, said: "We were very pleased to support EPH on this important strategic transaction through which it has entered the UK market."
Jakub Skavron, Director M&A at EPH, said: "The team at White & Case delivered a high quality and full service legal solution to assist us on this important expansion in our energy asset portfolio and we were delighted with our partnership with them."
Eggborough, which employs around 300 full time employees, is an independent power producer located in North Yorkshire. It owns the 2GW, coal-fired Eggborough Power Station which is comprised of four units that supply approximately four percent of the power in the UK, equivalent to powering around three million homes.
London partner John Cunningham, who co-led the White & Case deal team, said: "The Firm has a leading infrastructure practice worldwide with deep benches of M&A, project finance, power, regulatory and other lawyers. Eggborough was a key transaction for the team in London as it gave us the opportunity to showcase our key strengths – a longstanding familiarity with the power industry combined with a renewed focus on infrastructure M&A."
The White & Case team in London which advised EPH was led by partners Ian Bagshaw, John Cunningham and Kirsti Massie with support from associates Tom Cambidge and Jee Ha Kim.
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