Clifford Chance has advised the financial investors DIF Infrastructure (The Netherlands) and EDF Invest (France) as equal shareholders in a consortium on the acquisition of 100% of Thyssengas, Dortmund, Germany. Thyssengas operates a 4,200 kilometres pipeline network which transports up to 100 billion kilowatt hours of natural gas per year.
Thyssengas was sold in a competitive auction process, in which DIF Infrastructure and EDF Invest came out successfully. Since 2011 the German gas grid was owned by Australian Macquarie infrastructure fund, which had taken over Thyssengas from German utility RWE.
The Clifford Chance team was led by partner Dr. Anselm Raddatz (Düsseldorf, Corporate) and coordinated by counsel Frederik Mühl (Frankfurt, Corporate). It further consisted of senior associate Dr. Lukas Ernst (Düsseldorf, Energy), associates Paul Bock, Gerd Hegele, Ayleen Hermann (all Frankfurt), Katharina Franitza (Düsseldorf, all Corporate), Mira Heinrich, Zaid Mansour (both Düsseldorf, Energy), partner Marc Besen (Brussels/Düsseldorf) and senior associate Dr. Florian Wiesner (Düsseldorf, both Antitrust), Dr. David Elshorst and Senior Associate Amrei Fuder (Frankfurt, Real Estate), partner Dr. Stefan Simon, Senior Associate Jens Peters and associate Dr. Christopher Fischer (all Frankfurt, Employment), partner Katia Gauzès, senior associate Sascha Nolte and associate Clara Herrenschmidt (all Luxembourg, Corporate).
Partner Michael Bates (London, Finance) and partner Thomas Weitkamp (Munich, Finance) as well as counsel Dr. Mattias von Buttlar (Frankfurt, Finance) and associates Katie Hicks, Katherine Sinclair (London, Finance) and Markus Fischer (Frankfurt, Finance) advised on the debt financing of the acquisition.