Cadwalader is pleased to have advised Deutsche Bank AG in connection with (i) the sale of its US power trading book to Citigroup Energy and (ii) the sale of its North American natural gas trading book to Morgan Stanley Capital Group.

The Cadwalader team on each transaction was led by Karen Dewis (Corporate), with assistance from Vanessa Tanaka, Paul Pantano (Energy & Commodities), Bryan Shipp and Lynna Cobrall. Shlomo Boehm (Tax) and Jason Schwartz provided assistance on tax matters.