Watson Farley & Williams (“WFW”) has advised Storengy Deutschland GmbH (“Storengy”) on the sale of its stake in the gas storage facility in Breitbrunn/Eggstätt in Bavaria to Slovakia’s NAFTA a.s (“NAFTA”). In parallel, NAFTA also acquired stakes in the Breitbrunn/Eggstätt, Inzenham-West and Wolfersberg underground gas storage facilities from DEA Deutsche Erdoel AG.
Storengy is Europe’s market leading service provider for gas storages with core competencies in the development, construction and operation of gas storage facilities and marketing of gas storage capacities. It is a subsidiary of Storengy S.A.S, the worldwide gas storage operator within the ENGIE group and one of the largest natural gas storage companies in Germany, where it operates six gas storage facilities.
The WFW Frankfurt team advising Storengy was led by Corporate Partner Dr Torsten Rosenboom, assisted by Managing Associate Dr Jan Winzen and Associates Matthias Murr, Dr Robert Schalber and Nicolas Persch.
WFW worked closely throughout the transaction with Storengy’s in-house legal team led by Head of Legal Dr Tobias Greb and Senior Legal Counsel Björn Weller.
Torsten commented: “We are delighted that Storengy opted to strengthen their longstanding relationship with WFW by mandating us to advise them on this important transaction. That they did so, and that we were able to help them successfully close the deal, demonstrates the ongoing success story that is WFW’s Energy & Infrastructure practice”.