CMS advises Cheung Kong Infrastructure on acquisition of AVR
CMS advised a consortium led by Cheung Kong Infrastructure Holdings Limited (CKI) on the acquisition of the Dutch waste management company AVR Afvalverwerking B.V. (AVR) from Van Gansewinkel. The purchase price amounts to € 943.7 million. The transaction is subject to the customary provisions, including the advice of the central works council and the approval by the European Competition Authorities.
CKI is listed on the Hong Kong Stock Exchange and invests amongst others in energy, transportation and water infrastructure and related business.
AVR has 434 employees and is the largest energy-from-waste company in the Netherlands. AVR has power plants at Rozenburg and Duiven. AVR and Van Gansewinkel merged in 2007.
The international CMS-team that advised CKI was led by Charles Currier of CMS UK. The UK team included Rowley Higgs, Michelle Kirkland, Sania Stojanovic en Janine Kessel (Corporate); Robert Lane and Hamish McKinnon (Energy); Nancy Eller, Patrick Donegan, Katie Duffield and Mike Marston (Banking); Susan Hankey and Christine Graham (Competition); Juan Crosby, Helen Lou and James Besley (IP/TMT).
The Dutch team was led by Martika Jonk and Cecilia van der Weijden and included Jacqueline Feld, Suzanne Reintjes and Dominique Van Voorst tot Voorst (Corporate and Energy), Katja van Kranenburg and Paulus van den Bos (Employment & Pensions), Eduard Scheenstra (Banking), Wouter Seinen and Rogier de Vrey (IP/TMT) and Frank Leyendeckers and Nieke van Renssen (Environmental Law) and Edmon Oude Elferink (Competition).
