Vattenfall AB entered into a sale and purchase agreement to acquire 584-MW Atlantis I Offshore Wind Project in the North Sea from PNE Wind AG (XTRA:PNE3) on January 9, 2017. PNE Wind noted that the agreed purchase price is in a lower double digit million Euro amount. PNE Wind may receive milestone payments as well and it will continue to participate in the project as a long-term service provider. The closing of the transaction is still subject to various closing conditions. Malte Jordan, Gerrit Bartsch, Christine Bader, Jörg Wazler and Matthias Annweiler of Watson Farley & Williams acted as legal advisors to PNE Wind. Dirk Büllesfeld, Sonja Tegtmeyer, Nina Schaube, Felix v. Stackelberg and Carl Philipp Schöpe of Trûon Rechtsanwälte LLP acted as legal advisors to Vattenfall AB. Michael Buggenhagen, Gisela Drozella, Phillip Buchloh and Ragna Eick acted as in-house advisors to Vattenfall AB.