Clifford Chance advises QIA in RWE €4bn raise
Clifford Chance has advised the Qatar Investment Authority (QIA) as cornerstone investor in RWE Aktiengesellschaft’s capital increase of approximately €4 billion, executed through an accelerated bookbuilding involving the sale of new shares and treasury shares without subscription rights.
The transaction was carried out in connection with RWE’s acquisition of an additional stake in Amprion, one of Germany’s electricity transmission system operators. QIA served as one of two cornerstone investors alongside Norwegian state fund Norges Bank.
Clifford Chance team
The Clifford Chance team was drawn from multiple practice areas and offices. It was led by partners Axel Wittmann (capital markets, Frankfurt) and Samuel Frommelt (private equity, Munich), and supported by partners Mathias Elspaß (corporate/energy, Düsseldorf), Dominik Engl (tax, Frankfurt), Dimitri Slobodenjuk (antitrust, Düsseldorf) and Marcia Hook (project finance, Washington, D.C.).
Counsel Henrik Gildehaus (capital markets, Frankfurt) and Anne Filzmoser (antitrust, Düsseldorf) contributed to the matter. Senior associates Felix Groppenbächer (private equity, Frankfurt), Laura-Isabell Dietz and Duy Tuong Huynh (both corporate/energy, Düsseldorf) provided further support, alongside associates Lukas Tuschhoff (corporate, Frankfurt) and Benedikt Behlert (corporate/energy, Düsseldorf), as well as transaction lawyers Lilli Neubauer (capital markets) and Jule Geiger (tax, both Frankfurt).
