15
Tue, Oct
41 New Articles

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

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

Our Latest Issue