United States White Tender

Global law firm White Case LLP has advised Hungarys state-owned energy group MVM on the acquisition of the entire share capital in innogy esk republika a.s. innogy from Innogy Beteiligungsholding GmbH a member of the InnogyE.ON Group.MVM joined a shortlist of bidders in the highly competitive auction sale process for innogy the number one gas retailer in the Czech Republic and a fast-growing challenger in electricity retail which supplies customer endpoints across the residential and business segments. The business also includes innogys cogeneration assets as well as wholesale and mobility solutions.The transaction is subject to the customary merger control and regulatory approvals from the European Commission which has set the sale of innogy as a remedy within the broader pan-European transaction between E.ON and RWE.MVM Group is a sovereign-owned integrated energy company with the highest market share in the national electricity and gas markets in Hungary and more than 50 years of experience in managing strategic energy assets including the countrys largest power generation portfolio leading trading and sales portfolios and the Hungarian electricity transmission network.The White Case team which advised on the transaction was co-led by partners Jan Andruko and Vt Stehlk both Prague and included partner Ivo Janda Prague local partners Jan Stejskal Jan Jakoubek Vclav aloudek Tom erba all Prague and Jan Ole Eichstdt Frankfurt counsel Pavel ek Prague and associates Iva echrkov Monika Sedlkov Luk Pavlk David Wilhelm Radek Kraus Anna Strkov Martin Voek and Jan Voborsk all Prague.