Hengeler Mueller advises CTG on acquisition of interest in offshore windfarm "Meerwind"

14. June 2016

China Three Gorges Corporation ("CTG") announced that it has entered into a binding agreement to acquire BCP Meerwind Luxembourg S.à r.l. (subject to certain closing conditions being satisfied). The company holds an 80% share in the 288 MW German offshore windfarm "Meerwind". It is sold by funds under the management of The Blackstone Group L.P. ("Blackstone").

The Transaction is among the largest Chinese inbound M&A transactions in Germany and the second largest inbound European M&A deal for CTG after its acquisition of a 21.35% stake in EDP in 2011.

Meerwind is a fully operational 288 MW offshore wind farm located in the North Sea and one of the largest operational wind farms in Germany.

China Three Gorges Corporation is China’s largest clean energy group, specialized in the development and operation of renewable energy plants.

Hengeler Mueller advises CTG on this transaction. The Hengeler Mueller team is led by partners Nicolas Böhm (Berlin) and Changfeng Tu (Shanghai) and includes Christian Moeller (Shanghai) (all M&A), Jens Wenzel (Financing, Berlin), Alf-Henrik Bischke (Antitrust, Düsseldorf), Hendrik Bockenheimer (Employment, Frankfurt), Jan Bonhage (Public Law, Berlin), Martin Klein (Tax, Frankfurt), counsel Andreas Breier (Energy, Berlin) and Patrick H. Wilkening (IT/IP, Düsseldorf) as well as associates Matthias Berberich (IP/IT, Berlin), Anika Gilberg (M&A, Shanghai), Torsten Göcke (M&A, Berlin), Sonnhild Draack (Employment, Frankfurt), Carsten Hohmann (M&A, Shanghai/Berlin), Philipp Otto Neideck (Antitrust, Düsseldorf), Fabian Quast (Public Law, Berlin), Martin Tasma (Financing, Berlin), Marvin Vesper-Graeske (M&A, Berlin), Susanne Walzer (Employment, Frankfurt), Li Wang (M&A, Shanghai) and Nils Westphal (Public Law, Brussels).