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CMS Hasche Sigle advises Techem on takeover by Macquarie

09/11/2007

The Australian bank Macquarie has assumed control of the Eschborn energy services provider Techem. At the end of October the Australian bank secured the majority in Techem, an MDax listed company, and subsequently made an offer of EUR 60 per Techem share. Approval by the competent competition authorities has not yet been granted but is expected.
At the beginning of the year Macquarie withdrew its first offer of EUR 55 per Techem share after a lengthy bidding dispute.

Macquarie is Australia's only major bank and known throughout the world for its investments in infrastructure companies. The company has over 10,000 employees.

Both the trademark Techem and the registered seat of Techem AG in Eschborn will be retained. The business fields of energy services and energy contracting will also be retained and expanded. Techem provides more than 8 million households with energy services as well as water meter reading and billing services. It employs more than 2,400 people throughout the world.


Advisers to Techem AG
CMS Hasche Sigle

Dr Andreas Zanner (Lead Partner)
Dr Jochen Schlotter (Corporate, Takeover Law)
Dr Rupert Doehner (Corporate, Takeover Law)


Contact CMS Hasche Sigle:

Dr Andreas Zanner
Tel.: +49 (0) 69 / 71701 - 139
Email: [email protected]

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com.