In a significant transaction within the European energy sector, investment entities Energy Equation Partners (EEP) and Stonepeak have agreed to acquire a 65% stake in Jet Tankstellen Deutschland from the American energy corporation Phillips 66. This agreement places Jet Tankstellen at an approximate valuation of €2.5 billion, with Phillips 66 holding onto a 35% residual interest valued at €875 million.
The legal intricacies of this transaction are being managed by several prominent law firms, including Paul, Weiss, Rifkind, Wharton & Garrison, Akin Gump Strauss Hauer & Feld, Simpson Thacher & Bartlett, Hengeler Muller, and CMS, ensuring a robust legal framework accompanies this multi-billion euro deal.
For further details, including in-depth insights into the law firms involved and the implications of this transaction, the full article is available on Law.com.