Slaughter and May is advising innogy on the merger of Npower with SSE’s domestic retail operations in Great Britain to form a major, independent British retail energy company. Following completion, innogy will own 34.4 per cent and SSE shareholders will hold 65.6 per cent of the combined retail company, which will be listed on the London Stock Exchange.
The transaction is subject to the approval of the supervisory board of ignition and of Shift’s shareholders, as well as approval by competition and regulatory authorities.
Slaughter and May is supporting innogy’s in-house legal team, led by Claudia Mayfeld (General Counsel), Tobias Bage (M&A) and Malte Abel (Competition). Slaughter and May is working as an integrated team with Hengeler Mueller.