RWE International SE signed a share purchase agreement to acquire BELECTRIC Solar & Battery Holding GmbH from BELECTRIC Holding GmbH for €77 million on August 29, 2016. Cash payment is of €70 million and remaining €7 million is a Contingent payment. The transaction is subject to approval by the anti-trust authorities and reorganizational measures. Closing of the transaction is intended to take place in early 2017. Anselm Raddatz, Heiner Hugger, Joachim Schütze, Mathias Elspaß, Peter Dieners, Stefan Sax, Thorsten Sauerhering, Ann-Kristin Cahnbley, Artur M. Swierczok, Dominik Engl, Florian Reiling, Frederike Schlicht, Katharina Mareike Franitza, Maria Cristina Ciota, Martin Weitenberg, Philipp Büsch, Steffen Knepper, Susanne Julis, Werner Brickwedde, Zaid Mansour, Alexander Cappel, Lukas Ernst, Mario Schneider and Timm Berlemann of Clifford Chance acted as legal advisors for RWE International and Philipp von Holst, Klaudius Heda, Alexander Wolff, Andrea Pomana, Eve Leclercq, Pierre Clermontel, Rosanne Lariven and Sayo Ogundele of Debevoise & Plimpton acted as legal advisor for BELECTRIC. Ervin Schellenberg, Uwe Kroeger and Christian Maurer of Capitalmind acted as financial advisor for BELECTRIC Holding. Ernst & Young acted as financial advisor to RWE AG parent co. of Innogy innogy SE (DB:IGY) completed the acquisition of BELECTRIC Solar & Battery Holding GmbH from BELECTRIC Holding GmbH on January 3, 2017.