Strategic transaction in offshore wind energy sector: GÖRG trustees dispose of assets of Cuxhaven Steel Construction GmbH to AMBAU GmbH
[Hamburg, ] AMBAU GmbH, a manufacturer of steel constructions for the wind energy sector and well-known in the business, took over the Cuxhaven site of BARD subsidiary Cuxhaven Steel Construction GmbH (CSC) in mid-October. The site, which is important to the offshore sector, is located very close to the land acquired by Siemens Wind Power. The parties agreed to keep the sale price confidential.
The main element of this transaction, which is strategically important to the wind energy industry, is the site that has hitherto been used by CSC under a sub-leasing agreement for the production of steel foundations weighing up to 500 tonnes, for offshore wind energy plants. The CSC site is seen as an important hub for the offshore industry as it has direct access to a deep water channel into the North Sea.
The sale of the CSC site is a key milestone in the orderly winding up of the BARD Group, which is being handled by GÖRG Hamburg partner and trust specialist Dr. Thorsten Bieg. The BARD Group was originally the developer, manufacturer and installer of the BARD Offshore 1 wind farm, which was completed and delivered to the customer in September 2013. For some time now since its service units were spun off, BARD has been gradually wound up and its assets transferred to the OWS Group.
Advisors to BARD Vermögensverwaltungsgesellschaft mbH
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Thorsten Bieg, Partner, Reorganisations/Restructuring, Hamburg
Johannes Bitter-Suermann, Of Counsel, Reorganisations/Restructuring, Hamburg
Dr. Robert Brahmstaedt, LL.M., Associated Partner, Reorganisations/Restructuring, Hamburg
Dr. Christoph Mönig, Associated Partner, Real Estate, Hamburg
BARD Engineering GmbH / Cuxhaven Steel Construction GmbH