CMS has advised RWE in relation to the sale of Horizon Nuclear Power for £696 million. Horizon Nuclear Power is a UK energy company created to develop a new generation of nuclear power stations. It was formed as a joint venture by E.ON and RWE in 2009, but in March 2012, following a strategic review, the companies announced they would not proceed and would instead look to find a new owner.
Charles Currier, Corporate Partner, led the CMS team on the transaction. He comments, “This deal will ensure that Horizon Nuclear Power can continue to drive forward plans for new nuclear in the UK. I am delighted that our market leading practice has been able to assist long standing client RWE npower on this successful sale.”
Volker Beckers, Group Chief Executive Officer of RWE npower, commented, “CMS was once again our firm of choice for its exceptional energy expertise and advice: we value highly our relationship with CMS. Charles and his team provided their usual high degree of support to ensure a successful outcome to the transaction.”
