NEWS (June 23, 2011)

Integrites acted for Arab investors in acquisition of power plant

ILF Integrites acted for Arab investors on acquisition of a gas thermal power plant in the North of England for USD 25 million, of which USD 20 million were paid directly to vendors for a 75% interest in the power plant and USD 5 million were lent to the power plant vendor.

Integrites lawyers conducted due diligence of the power plant, drafted an agreement on sale and purchase of shares in cooperation with Fosters LLC, the vendor’s legal adviser, advised the buyer on the tax implications in the UK and structuring of the deal.

The project was implemented by a team of lawyers, including Neonila Shyshak and Edna Shindinde, under the leadership of Andrei Liakhov, energy partner.

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