GvW advises Avacon Group on the sale of a biogas plant to a joint venture of Oxxynova GmbH and Lemke Holding GmbH
GvW Graf von Westphalen advised Avacon Natur GmbH and its wholly owned subsidiary Biogas Steyerberg GmbH on the sale of a biogas plant as part of an asset deal.
Land with a biogas plant including all assets as well as raw materials and supplies were sold. The transaction also included two combined heat and power plants with an output of 1.4 MW and 72 kW as well as a photovoltaic system with an output of 99 kW.
The indirect majority buyer is Oxxynova GmbH via one of its subsidiaries. Together with the local municipality, Oxxynova is pursuing the goal of developing the "Industrie- und Gewerbegebiet am Hasenberge" into an integrated, open multi-user "GreenTec Park Steyerberg".
Avacon is part of the E.ON Group, but also has a strong municipal character. As one of the largest regional energy supply companies in Germany, the Avacon Group implements the energy transition locally with its solutions in the areas of electricity, gas, water, heating, cooling, mobility and lighting.
GvW advised on the transaction with a team consisting of Dr Maximilian Emanuel Elspas (Energy Law), Dr Marco Zessel (M&A), Andrea Torka and Alina Sturm (both Real Estate Law).
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