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WFW advises Global Power Services on acquisition of Ascent Resources Italia

22 Jul 13

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has assisted Global Power Sources S.r.l. in the acquisition of its 100% stake in Ascent Resources Italia S.r.l. from Ascent Resources Plc for approximately €8 million.

WFW advised Global Power Sources on the negotiation, drafting and finalisation of the contractual documentation concerning the acquisition.

Studio Legale Tributario (“SLT”), the tax law arm of EY in Italy, advised Ascent Resources Plc, a European oil and gas exploration and production company listed on the AIM market.

The WFW team was led by partner Eugenio Tranchino and supported by corporate associate Andrea Ceschina (WFW Milan)and Luca Sfrecola (WFW Rome) and tax associate Raffaele Villa (WFW Milan).

WFW Partner and Head of Italy at WFW, Eugenio Tranchino, said: “This transaction shows once again the involvement of WFW in the Natural Resources sector and underlines our constant commitment to an increasing and extensive service offering to our clients.”

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For further information, please contact:

Eugenio Tranchino
Partner, Head of Italy
Tel +39 02 721 7071
Email: etranchino@wfw.com

Editors’ notes:

Watson, Farley & Williams is an international law firm with offices in London, New York,Paris, Hamburg, Munich, Frankfurt, Rome, Milan, Madrid, Athens, Piraeus, Singapore, Bangkok, and Hong Kong. The firm currently has 415 lawyers and over 700 staff.

Watson, Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Finance & Investment, Maritime, Energy, Natural Resources, Transport, Real Estate and ICT. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients.

All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this document mean Watson, Farley & Williams LLP and/or its affiliated undertakings. Any reference to a 'partner' means a member of Watson, Farley & Williams LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification.