King & Spalding Expands German Real Estate Tax Practice

Wednesday, February 29, 2012
Dr. Axel Schilder, a prominent German tax lawyer and former official of the German tax authority, joined King & Spalding as a partner in its Frankfurt am Main, Germany, office, the firm announced today. Schilder will help build up the German arm of the firm’s tax practice with a focus on real estate and investment tax law, support the continued growth of the firm’s capital transactions and real estate practice in Frankfurt and strengthen the taxation expertise of the firm’s and office’s fund structuring and international transactional work. Schilder joined King & Spalding today from the law firm of Beiten Burkhardt Rechtsanwaltsgesellschaft mbH, where he was a partner.

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Shearman & Sterling Advises Underwriters in Teck Resources Limited’s US$1 Billion Notes Offering

Wednesday, February 29, 2012
Shearman & Sterling represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as joint bookrunning managers, and CIBC World Markets Corp., Mizuho Securities USA Inc., RBC Capital Markets, LLC, UBS Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc., as co-managers, in connection with Teck Resources Limited’s US$1 billion offering of US$500,000,000 aggregate principal amount of 3.000% notes due 2019 and US$500,000,000 aggregate principal amount of 5.200% notes due 2042. The notes are fully and unconditionally guaranteed by Teck’s wholly owned subsidiary, Teck Metals Ltd.

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Paul, Weiss Advises EdF in Italian Power Deals

Tuesday, February 28, 2012
On February 15, Paul, Weiss client Electricité de France S.A. (EdF) entered into definition agreements with A2A S.p.A., Delmi S.p.A., Edison S.p.A. and Alpiq S.A. The agreements relate to EdF’s purchase, for approximately €704 million, from Delmi of a 50 percent stake in Transalpina di Energia S.r.l., a company which holds 61.3 percent of Edison’s voting shares, and the purchase by Delmi of a 70 percent stake in Edipower S.p.A. from Edison and Alpiq for a total purchase price of approximately €804 million.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP