Mayer Brown advises Beijing Enterprises on the acquisition of EEW – the largest Chinese direct investment in Germany
4 February 2016
Mayer Brown announced today that it represented Beijing Enterprises Holdings Limited on the acquisition of EEW Energy from Waste GmbH from Swedish investor EQT. The purchase price was approximately 1.4 billion Euros. The agreement for 100% shareholding is subject to clearance by the Federal Ministry for Economic Affairs and Energy. The transaction is expected to close by the end of February 2016. This acquisition is so far the largest Chinese direct investment in a German company.
Beijing Enterprises Holdings Limited is a listed company for channeling capital, technology and management expertise from international markets to Beijing´s development priorities. It is active in the areas of gas, water services, solid waste treatment, the green industry as well as the beer industry.
Headquartered in Helmstedt (Lower Saxony), EEW Energy from Waste Group is a leading company in the Energy-from-Waste sector. With more than 1,000 employees at 18 sites in Germany, the Netherlands and Luxembourg the company produces electricity for households, district heating for residential areas and process steam for industrial use.
Mayer Brown´s cross border team benefited from its strong international network in Asia and Germany for this important transaction. The team was led by Dr. Klaus W. Riehmer (Frankfurt) and Chester C.C. Wong (Hong Kong, Corporate & Securities) and further included partners Dr. Ulrike Binder (Corporate & Securities), Dr. Jan Kraayvanger (Litigation & Dispute Resolution), Andreas Lange, Markus Strelow (both Banking & Finance, all Frankfurt), Volker Junge (Corporate & Securities, Frankfurt), counsel Dr. Jan Streer, Dr. Marius Boewe, (both Corporate & Securities, Düsseldorf), Andreas Hilfrich (Real Estate), Dr. Malte Richter (Corporate & Securities, both Frankfurt), Isabelle van Sambeck (Employment & Benefits, Düsseldorf), Dr. Christiane Mühe (Banking & Finance), senior associate Konstantin von Werder (IP) as well as associates Philipp Berrsche (Real Estate), Ana Elisa Bruder (IP), Sören Pruß, Stefanie Skoruppa, Tina Hoffmann (all Corporate & Securities), Marco Maurer, Jörg Salzmann (both Employment & Benefits, all Frankfurt) and Edward H. Y. Lau (Corporate & Securities, Hong Kong).