Slaughter and May advised DONG Energy on the sale of the Severn gas-fired power station to a consortium of investors led by Macquarie Group's Infrastructure and Real Assets business for £350 million, plus an earn-out based on the future gross margin of the Severn power station.

The  Severn power station, which is situated at Uskmouth near Newport in South Wales, has a capacity of 832MW and is able to generate power for approximately 1.5 million households.

Contacts

Corporate and Commercial: John Papanichola (partner), Gavin Brown (partner), Beatrice Lo (associate), Serena Kern-Libera (associate); Financing: Caroline Phillips (associate); Tax: Tony Beare (partner), Venetia Jennings (associate); Employment: Roland Doughty (partner), Veena Sivapalan (associate); IT/IP: David Ives (partner), Richard McDonnell (associate); Environment: Samantha Brady (associate)