15 June – LAWFUEL – The Law News Network – Allen & Overy advised Centrica on its acquisition of Dutch energy supplier Oxxio BV for a price of approximately €137 million (including the maximum amount payable under the earn out).
The acquisition of Oxxio was the first acquisition for Centrica in the Netherlands.
The Allen & Overy team was led by Amsterdam-based corporate partner Karine Kodde, assisted by corporate associates Floris Pierik and Mariella Salomons. Partner Jan Erik Janssen and senior counsel Leigh Hancher advised on energy regulatory issues, assisted by Mabel Pigmans.
Commenting Karine Kodde said: “It was exciting to work for Centrica on their first transaction in the Netherlands. There are further developments expected in the Dutch energy market after this transaction and the two other acquisitions of Dutch supply businesses by other parties that were also announced this week.”