Freshfields Bruckhaus Deringer has advised energy provider E.on on a swap of generation capacity with France’s Electricité de France (EDF) and Germnay’s ENBW Kraftwerke, in which EDF holds a stake. Once the swap is complete, E.on will acquire nuclear power capacity in France, plus a 35% stake of EDF and Charbonnage de France to become the sole owner of French energy supplier SNET. ENBW will take over 50.4% of E.on in the Rostock power station, and also receive electricity rights in the Buschhaus power plant. Cleary Gottlieb represented EDF, and Clifford Chance assisted ENBW.
October 12 2009