On February 12, Willkie client Comcast Corporation announced it will acquire General Electric’s remaining 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Willkie served as FCC regulatory counsel to Comcast in the deal. The acquisition accelerates GE’s divestiture ahead of a redemption period that would have begun in July 2014. In 2011, Willkie advised Comcast on the regulatory aspects of its $13.75 billion transaction with GE that created the NBCUniversal, LLC joint venture. Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal.

More >>

Vinson & Elkins LLP advised Hudson Energy Supply UK Limited (Hudson), a subsidiary of Just Energy Group Inc. (NYSE/TSX: JE) on its entry into a five-year strategic power supply arrangement with Shell Energy Europe Limited (Shell) for Hudson’s commercial retail business in the UK. The transaction, which signed on February 1, 2013, represents an important step for Just Energy in the expansion of its business beyond North America and is expected to provide Just Energy with the foundation required to grow within the UK and to offer competitive products to customers.

More >>

Weil, Gotshal & Manges LLP represented Polski Holding Nieruchomosci (PHN), a state-owned holding which is one of the largest (in terms of the market value of its real estate portfolio) owners and managers of commercial and residential real estate properties in Poland, as legal counsel on matters of Polish, UK, and US law in relation to its IPO. The IPO was addressed to individual and institutional Polish investors as well as certain foreign institutional investors, including qualified institutional buyers in the United States. The IPO was valued at PLN 238.6 million. Today the shares were introduced to trading on the Warsaw Stock Exchange (WSE). This is the first IPO and listing on the WSE in 2013. The State Treasury of the Republic of Poland sold 25% of the Company’s existing share capital.

More >>