JULY 2014

Transactions

UniCredit and BayernLB provide financing for two 55 MW in Jocksdorf

UniCredit Bank AG and Bayerische Landesbank concluded the financing of two out of three subareas of a solar park in Jocksdorf, Brandenburg.

The solar park Jocksdorf qualifies as one of the largest parks in Europe with a total capacity of 82 megawatt and investments amounting to 120 million Euros. The investment house AB Unternehmensberatung und Beteiligungsgesellschaft purchased the solar park consisting of three legally and economically independent sub-projects during its deployment phase in the summer of 2012. The entire park was connected to the grid as early as in the end of 2012. UniCredit Bank AG and Bayerische Landesbank provided the funding for two subareas (with a total capacity of 55 MW) with a volume of 70 million Euros running for a period of 18 Years.

The banking consortium was extensively advised by Stenger LLP. The firm executed not only the Legal Due Diligence but also negotiated the project agreements and drafted and negotiated all financing agreements. LM

95 UniCredit and BayernLB

provide financing for a 55 MW solar park in Jocksdorf

Advisor to UniCredit and BayernLB:

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This announcement appears as a matter of record only

WAA and Chosen Communications merge

Two of the Midlands’ most respected independent agencies will now be able to draw on each other’s expertise after completing a merger. Integrated marketing agency WAA has joined forces with brand activation specialist Chosen Communications.

The deal will see Chosen relocate its operations and staff to WAA’s headquarters in Sutton Coldfield, and continue trading under the Chosen brand name.

WAA Group CEO Andrew Wilson believes the merger offers a great opportunity to both agencies. He said: “There is a huge amount of synergy between the two organisations and we really see this as very beneficial to both offerings. “Having the best balance of skills, expertise and experience within the group family has always been WAA’s aim and Chosen certainly adds to that greatly – this move will significantly strengthen the offering of both agencies.”

Jon Derry, Chairman of Chosen said the move would bring benefits for both clients and staff of the agency. He said: “This is a strategically important development for Chosen as WAA will give the team access to top expertise in areas such as digital, content and PR provision. This reflects the increasing needs of our UK and International client base and will allow us to provide even better brand activation solutions to our clients, so their brands continue to be chosen more often.” LM

Commercial due diligence provider:

Tax advisor:

WAA and Chosen Communications merge

Legal advisors:

This announcement appears as a matter of record only www.lawyer-monthly.com

UniCredit and BayernLB

WAA & Chosen Communications