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Wolf Theiss Advises Uniper on Sale of Hungarian Combined-Cycle 430-Megawatt Gas Power Plant to Veolia

Wolf Theiss Advises Uniper on Sale of Hungarian Combined-Cycle 430-Megawatt Gas Power Plant to Veolia

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Wolf Theiss has advised Uniper on the sale of the Gonyu gas-fired combined-cycle 430-megawatt power plant to Veolia. BDO Legal Hungary and Cleary Gottlieb reportedly advised Veolia.

The transaction remains contingent on regulatory approval.

Uniper is a German multinational energy company based in Duesseldorf, Germany, and has been a state-owned enterprise since late 2022.

Veolia is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management, and energy services.

According to Wolf Theiss, "Uniper has signed a share purchase agreement to sell Hungary's most modern gas-fired combined-cycle 430-megawatt power plant located in Gonyu, Hungary, to Veolia. Uniper is selling 100% of the shares in Uniper Hungary Energetikai, the Gonyu power plant operator, to Veolia Invest Hungary, a subsidiary of Veolia."

The Wolf Theiss team included Budapest-based Partner Laszlo Kenyeres, Counsel Norbert Balint, Senior Associate Zoltan Bodog, and Associates Bence Kalman and Kinga Kajcsos as well as Vienna-based Partner Sarah Wared.

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