Ogier advises GDF SUEZ S.A.

Ogier has acted for GDF SUEZ S.A. on the EUR20.2 billion combination of its international energy division with International Power plc.

The transaction, pursuant to which GDF SUEZ will transfer its international energy division to International Power in return for a 70 per cent shareholding in the enlarged International Power, was approved by International Power's shareholders on 16 December 2010 and closed 3 February 2011.

Ogier advised GDF Suez S.A. on the Jersey aspects of the transaction, led by corporate partner Raulin Amy and associate Sean Inggs. Ogier Corporate Services also played an important role in incorporating a new Jersey SPV which was utilised as part of the transaction.

Raulin Amy said "We are delighted to have advised GDF Suez on this transaction which consisted of some complex structuring steps.  This type of transaction is evidence of the advantageous role Jersey companies can play in assisting UK and European corporates with their merger and acquisition structuring.  The flexibility of the Companies Law in Jersey and related principles coupled with tax neutrality was key to ensuring the success of an integral part of the transaction."

Ogier were instructed by Linklaters who advised on the transaction in multiple jurisdictions, led by London corporate partners Matthew Middleditch and Iain Wagstaff and managing associate Jonathan Garland.

International Power were advised by Clifford Chance LLP.