The main committee of the city council of the City of Mannheim proposed in yesterday's special
sitting that the city council sell a stake of 16.1 per cent in MVV Energie AG to RheinEnergie AG.
The city council will probably give its approval in a special sitting on 12 June 2007. The City of
Mannheim and RheinEnergie will also conclude a consortium agreement in order to further develop MVV
Energie strategically and to safeguard the influence of the City of Mannheim on MVV:
During the transaction which was conducted in the form of a bidding procedure the City of
Mannheim was advised by a team from the Stuttgart office of CMS Hasche Sigle led by Dr Jochen Lamb.
Within just a few weeks it was possible to select four bidders from a large group of interested
parties in a process with several stages; agreements ready for signature were then negotiated with
these four parties. The City of Mannheim favoured RheinEnergie because it offered the most
convincing combination of business concept, consortium agreement approach and purchase price.
Synergy effects from the cooperation between the two companies can be expected principally in the
areas of production, procurement and energy trade, charging, measuring and metering systems and
The planned alliance between the two municipal services groups is an important step towards a
national network for municipal services led by the local authorities; this will also have room for
The City of Mannheim was also advised in this matter by the investment bank Dresdner
Dr Jochen Lamb (lead partner)
Dr Antje Becker
Contact CMS Hasche Sigle:
Dr Jochen Lamb
Tel.: +49 (0) 711 / 9764-262
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 480 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
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of
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