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
