GÖRG advises Nordstrom AG on the sale of its biogas plant portfolios

Berlin, 27.11.2019

GÖRG Partnerschaft von Rechtsanwälten mbB advised Nordstrom AG on the sale of its entire biogas plant port-folio to BALANCE Erneuerbare Energien GmbH, a wholly-owned subsidiary of VNG Group company BALANCE VNG Bioenergie GmbH. VNG is a group of companies active throughout Europe with more than 20 companies, around 1,200 employees and revenue of around €11.2 billion in the 2018 financial year. The acquisition is still subject to approval by the German Federal Cartel Office.

The portfolio consisted of a total of ten biogas plants (power generation plants) at eight locations in Saxony-Anhalt (two locations in Plätz, Hottendorf, Hohenwulsch, Rossau, Mehrin), Brandenburg (Freyenstein) and Mecklenburg-Western Pomerania (Teterow).

Advisors Nordstrom AG

GÖRG Partnerschaft von Rechtsanwälten mbB
Sascha Feies, Partner, Berlin
Dr. Roland Hoffmann-Theinert, Partner, Corporate, Berlin
Dr. Martin Nentwig, Partner, Corporate, Berlin
Dr. Jochen Thieme, Associate, Corporate, Berlin

Advisors VNG (Inhouse)

Siegfried Weitzel, Leipzig

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