Chadbourne Represents the AES Corporation in Sale of Its Power Distribution Businesses in Ukraine

Chadbourne & Parke LLP represented the AES Corporation in a sale of its interests in two Ukrainian power distribution companies, AES Kyivoblenergo and AES Rivneoblenergo, to VS Energy International. AES Kyivoblenergo and AES Rivneoblenergo supply electricity to customers in industrial, residential, agricultural and energy sectors in Kyiv and Rivne regions respectively.

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Greenberg Traurig Represented the Underwriting Syndicate in the IPO of Polski Holding Nieruchomości, the First IPO in Poland of 2013

Greenberg Traurig represented the Joint Global Coordinators Citigroup Global Markets Limited, DMBH, Société Générale, UBS and Deutsche Bank AG, London Branch, and the Joint Bookrunners: DM PKO BP, DI BRE, DM BZ WBK and Wood&Co in the PLN 238.6 million IPO of Polski Holding Nieruchomości (PHN). The shares began trading on the Warsaw Stock Exchange. This is the first IPO in Poland in 2013.

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Simpson Thacher Represents KION Finance S.A. in its €650 Million Senior Notes Offering

The Firm represented KION Finance S.A. in connection with its Rule 144A and Regulation S offering of €650 million aggregate principal amount of senior secured notes, consisting of €450 million principal amount of 6.75% senior secured notes due 2020 and €200 million principal amount of senior secured floating rate notes due 2020. Proceeds of the offering were used to refinance existing indebtedness.

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Nixon Peabody Advises Constellation Brands in Revised Agreement with Anheuser-Busch InBev for Complete Divestiture of U.S. Business of Grupo Modelo

Constellation Brands, Inc. (NYSE: STZ, STZ.B) today announced a revised agreement with Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) that establishes Crown Imports as the number-three producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo’s (BMV: GMODELOC) U.S. business. Constellation will acquire 50% of Crown it does not own for $1.85 billion in a transaction that establishes Crown as a fully owned entity of Constellation. The transaction also provides Constellation with independent brewing operations, Modelo’s full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.

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King & Spalding Continues Expansion of Its Financial Institutions Practice With the Addition of Lending-Side Bankruptcy Partner Jesse H. Austin III

On the heels of last week’s expansion of its financial institutions practice with the addition of four lawyers, King & Spalding has recruited Jesse H. Austin, III, as a partner in that practice. Austin, a lending-side bankruptcy and restructuring lawyer, comes to King & Spalding from Paul Hastings. He joins partners Chris D. Molen and J. Craig Lee, who arrived at King & Spalding from Austin’s former firm last week, along with senior associate Chadwick M. Werner and associate Maria Danielle Merritt.

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Covington Advises Nexen on CFIUS Approval in $15.1 Billion CNOOC Deal

The Committee on Foreign Investment in the United States (CFIUS) on Tuesday approved CNOOC Ltd.’s bid to acquire the U.S. assets of Canadian energy company Nexen Inc. It was the final regulatory hurdle in the $15.1 billion acquisition, the largest overseas investment ever by a Chinese company. Covington & Burling represented Nexen in securing CFIUS approval.

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Akin Gump Advises VimpelCom on Eurobonds Totalling $2 Billion

Akin Gump Strauss Hauer & Feld LLP has advised VimpelCom Holdings B.V. on a $2 billion Eurobond financing, including a RUB 12 billion tranche and two dollar-denominated tranches totalling $1.6 billion. VimpelCom Holdings is an indirect wholly owned subsidiary of VimpelCom Ltd., one of the world’s largest integrated telecommunications services operators. The transaction closed today, February 13, 2013.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Moscow