Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Linklaters advise lenders of Formosa 1: the first offshore wind farm project in Taiwan

12 Jun 2018

    Linklaters advise the common lenders and EKF, Denmark’s Export Credit Agency, on the NT$18.7bn project financing
    Financing involved a consortium of eleven international and local Taiwanese banks providing 16 year project financing together with a guarantee provided by EKF.
    First project financing in the Taiwanese offshore wind industry and expected to provide the financing template for the large number of offshore wind projects slated for development over the next few years.

Slaughter and May advised Aquis Exchange PLC on its initial public offering

12 Jun 2018

Slaughter and May advised Aquis Exchange PLC (Aquis) on its initial public offering and admission to listing on the AIM market of the London Stock Exchange. Admission and commencement of dealings is expected to take place at 8.00 a.m. on 14 June 2018. Aquis is a pan-European equities exchange operator and technology service provider, which offers trading in approximately 1,200 equities in Europe across 14 countries.

The offer price of 269 pence per ordinary share will give Aquis a market capitalisation on admission of approximately £73 million.
Contacts

KWM Advised Ant Financial on Its Series C USD 14 Billion Equity Financing

12 Jun 2018

June 8, 2018, Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial”) announced that it has entered into definitive agreements with investors for its Series C equity financing totaling approximately US$14 billion. This financing round includes an RMB tranche raised by Ant Financial from domestic investors and a USD tranche raised from international investors by Ant International Co., Limited, a wholly owned offshore subsidiary of Ant Financial.

WFW advises banks on “Kosten” Argentine onshore wind project financing

11 Jun 2018

Watson Farley & Williams (“WFW”) has advised KfW IPEX-Bank GmbH and Kreditanstalt für Wiederaufbau on the US$ 31.7m financing of the Kosten onshore wind farm project located in Escalante in Argentina’s Chubut province. The financing is covered by an ECA guarantee from Germany’s Euler Hermes and is one of the first non-recourse project financing transactions in Argentina after the last change of government.

DLA Piper advises the lenders on the financing of the Rv. 3/Rv. 25 projects in Norway

11 Jun 2018

DLA Piper has advised the lenders in connection with the financing of the Rv. 3/Rv. 25 project in Norway, worth NOK2.6 billion, about EUR270 million.

Skanska, a leading development and construction company in the Nordics, has signed the project agreement and reached financial close with the Norwegian Public Roads Administration (NPRA) for the financing, design, construction, operation and maintenance of a new 25 kilometre national road, the Rv. 3/Rv. 25 between Løten and Elverum, in the county of Hedmark, Norway.

DLA Piper advises Helaba on the financing of the acquisition of a German office portfolio

11 Jun 2018

DLA Piper has advised Helaba Landesbank Hessen-Thüringen (Helaba) on the financing of the acquisition of an office portfolio by Corpus Sireo Real Estate. The seller is Swiss Life and the parties have agreed not to disclose the purchase price and the amount of financing.

The 108,000 square metres portfolio financed by Helaba consists of eleven office properties located in Hanover, Essen, Düsseldorf, Neuss, Cologne, Mannheim, Oberursel, Neu-Isenburg and Frankfurt. With an area of 98,200 square metres, office space accounts for the largest share.

Gide, counsel to Boursorama on the sale of its stake in Self Trade Bank to Warburg Pincus

08 Jun 2018

Societe Generale Group, through Boursorama, has agreed to sell the entire stake of Boursorama in Self Trade Bank S.A.U., its Spanish subsidiary, to private equity fund Warburg Pincus.

This transaction is part of Societe Generale Group's continuous effort to simplify its setup to focus on its core businesses and create synergies within the Group. It will have a limited positive impact on Societe Generale Group’s financial ratios.

The sale is expected to close before the end of year, following completion of the necessary regulatory authorisations.