Global law firm Dentons has advised on the sale of SFW ENERGIA Sp. z o. o., a company owned by Iqony GmbH, a 100 percent subsidiary of the German utility company STEAG GmbH, to the Remondis Group, a market leader in waste processing and recycling.

The transaction comprised the sale of 100 percent of the shares as well as the transfer of several intercompany loans and the strengthening of SFW Energia’s equity basis.

SFW ENERGIA is a Polish energy provider, operating district heating, cooling and power generation plants. The deal covered companies controlling power generation plants in more than a dozen locations in Poland, including Gliwice, Gorlice, Iława, Mielec, Zduńska Wola and Żory. The acquisition received merger control clearance.

Marcel Kasperkiewicz (partner) led the transaction team supported by Justyna Obniska (associate) and Beata Błaż (associate) from the Corporate and M&A practice. The team also included Michał Motylewski (counsel) and Witold Szpek (associate) from the Energy group; Katarzyna Marczuk-Pieńkowska (counsel) and Anna Czeboćko (associate) from the Environmental Protection team; Kamil Igielski (associate) from the Real Estate practice and Katarzyna Mazur (senior associate) from the Banking and Finance team.

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