Integrites acted for an Arab investor on acquisition of a power plant in the UK

28 April 2011. ILF Integrites acted for an Arab investor on acquisition of a gas thermal power plant in the North of England for the total consideration of $ 25 mln.

ILF Integrites acted for an Arab investor in the project on acquisition of a gas thermal power plant in Northern England. The total consideration payable for the plant is $ 25 mln, out of which $ 20 mln is the price payable for 75% of the issued shares and $ 5 mln is provided as a loan to vendor of the power plant.

Integrites lawyers conducted due diligence of the power plant; drafted the shares sales and purchase agreement in cooperation with the vendor’s solicitors; advised the buyer on tax implications in the UK and on structuring of the deal.

The project was implemented by a team of lawyers, including Neonila Shyshak and Edna Shindinde, under the leadership of Integrites partners Andrei Liakhov and Alina Plyushch. The interests of the vendor were represented by Fosters LLC.