Linklaters and Clifford Chance lead huge energy deal

August 13, 2010 Linklaters and Clifford Chance have taken leading roles in the deal for the acquisition of a 70 per cent stake in British company International Power PLC by Franco-Belgian GDF Suez SA.

GDF Suez will pay for the acquisition by handing over its non-European power generation business, as well as assets in the UK and Turkey. The terms of the deal also provide that GDF Suez will pay International Power’s shareholders a special $2.2 billion dividend.

Clifford Chance advised International Power with a team led by London-based corporate partners David Pudge, Bredan Moylan, and Kathy Honeywood. The team also included London-based banking partner Andrew Grenville and corporate associates Nick Hughes and Melissa Fogarty.

Linklaters advised GDF Suez with a team that included Paris-based corporate partner Marc Loy, London-based partners Matthew Middleditch and Iain Wagstaff, and New York partner Thomas McGrath.

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