State Grid Corporation of China acquisition of 20% stake in 50Hertz

9/2/2018

Private acquisition

Status:

Announced

Date:

9/2/2018

Overview:

State Grid Corporation of China (SGCC) has agreed to acquire a 20% stake in 50Hertz from IFM.
50Hertz is a German electricity transmission grid operator.
SGCC is China's national electricity utility.
The seller, Australian infrastructure investor IFM, will retain a 20% stake in 50Hertz if the deal is approved by regulators.

Ben Naylor - Regional editor

Jurisdictions:

China
Germany

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Germany

Industry sectors:

Energy
Utilities

Firms:

Clifford Chance

Party: State Grid Corporation of China (Acquirer)

Lawyers: Anselm Raddatz, Mathias Elspaß, Terence Foo

Linklaters

Party: IFM Investors (Seller)

Party: 50Hertz (Target)

Lawyer: Christopher Bremme

Related deals