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A team of attorneys from Andrews Kurth LLP served as project development counsel to NRG Energy Inc. in the company’s joint venture with JX Nippon Oil & Gas Exploration Corp. to build the world’s largest post-combustion carbon capture and sequestration (CCS) facility on an existing coal plant in Fort Bend County, Texas.

The Petra Nova Carbon Capture Project at the W.A. Parish Power Plant Facility will capture 90 percent of the carbon dioxide (CO₂) from processed flue gas, or approximately 1.6 million tons of CO₂ annually. The CO₂ will be delivered through an 82-mile pipeline for enhanced oil recovery at the West Ranch Oil Field in Jackson County, Texas. The West Ranch Oil Field is estimated to contain more than 60 million barrels of oil, available through enhanced recovery operations.

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Shearman & Sterling acted as legal advisor to Cooperativa Muratori & Cementisti – C.M.C. di Ravenna Società Cooperativa (“CMC”) in connection with CMC’s Rule 144A and Regulation S €300 million high yield bond offering. CMC is the first Italian cooperative company to directly issue this type of debt instrument.

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On July 14, 2014, Mylan Inc. announced that it has entered into a definitive agreement with Abbott whereby Mylan will acquire Abbott’s non‑U.S. developed markets specialty and branded generics business in an all‑stock transaction. Upon closing, Abbott will receive 105 million shares of the combined company worth approximately $5.3 billion based on Mylan’s closing price of $50.20 on Friday, July 11, 2014, representing an approximately 21% ownership stake. Cravath represented Mylan in connection with this transaction, which has been unanimously approved by Mylan’s Board of Directors and is expected to close in the first quarter of 2015, subject to certain closing conditions, including regulatory clearances and approval by Mylan’s shareholders.

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Dorsey & Whitney advised Kodiak Oil & Gas in its recent acquisition by Whiting Petroleum Corp. (WLL.N). Whiting Petroleum Corp. will acquire Kodiak Oil & Gas Corp (KOG.N) for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations. The deal will unite two big exploration and production companies, both of which have a strong presence in the Bakken and Three Forks formations, some of the most oil and gas rich areas of the Dakotas and Montana.
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The Firm is representing Kohlberg Kravis Roberts & Co. L.P., in connection with its €2.2 billion sale of WILD Flavors GmbH by WILD Flavors shareholders, Dr. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P. to the Archer Daniels Midland Company.

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Mayer Brown JSM has advised Deutsche Securities Asia Limited and Morgan Stanley Asia Limited as the joint sponsors and Deutsche Bank AG, Morgan Stanley Asia Limited and five other banks as underwriters on the listing of Jinmao Investments & Jinmao (China) Investments Holdings Ltd on the Hong Kong Stock Exchange. The initial public offering (IPO) has raised approximately HK$3.2 billion (US$413 million) which may further increased by approximately HK$481.5 million (US$61.7 million) if the greenshoe is exercised.

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Mayer Brown JSM has advised joint sponsors UBS Securities Hong Kong Limited and CITIC Securities Corporate Finance (HK) Limited and the underwriters on the IPO listing of Beijing Urban Construction Design & Development Group Co., Limited (“Beijing Urban Design”) on the Hong Kong Stock Exchange.

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DLA Piper has advised the UBM Realitätenentwicklung Aktiengesellschaft (“UBM”) on the successful placement of a €160 million corporate bond. Corporate partner Christian Temmel acted as transaction counsel for the joint lead manager Raiffeisen Bank International AG, IKB Deutsche Industriebank AG and the issuer.

The bond, with a term of five years, was offered to private and institutional investors and placed particularly in Austria, Germany and Luxembourg. “A bond exchange was combined with the new issue of a bond – that’s unique,” said Christian Temmel, who is also head of the capital markets practice in the Vienna DLA Piper office.

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