Zeaborn takes full ownership of Zeamarine
The Zeaborn Group has signed an agreement to acquire the remaining ownership interests in Zeamarine held by New Mountain Capital. The Zeamarine joint venture was formed in August 2018 when New Mountain Capital and Zeaborn agreed to combine the commercial activities of Intermarine, Zeaborn Chartering, and Rickmers-Line under the umbrella of Zeamarine.
The transaction is subject to approval from the antitrust authorities.
Watson Farley & Williams (WFW) advised Zeaborn Group on the acquisition.
Country updates
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June 21, 2019
269 MW Deutsche Bucht offshore wind project in German North Sea achieves cable and turbine milestones
Operational milestone has been reached with the installation of first 33 turbines and more than 40 kilometres of inter array cables in the 269 MW Deutsche Bucht offshore wind farm. These cables form t...
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June 21, 2019
wpd secures finance for 111 MW Nordergründe wind project off the coast of Germany
wpd AG and its financing banks have signed financing contracts in Frankfurt for the Nordergründe offshore project. According to these contracts, the loans will be provided by KfW IPEX-Bank and th...
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June 20, 2019
Prysmian wins DolWin5 grid connection for offshore wind projects in Germany
Prysmian Group has been awarded a major grid connection project worth EUR140 million (US$157 million) by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore win...
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June 19, 2019
EDF sets to acquire the German company energy2market
Through its affiliate EDF Pulse Croissance, the EDF group has acquired 100% of the capital of German company energy2market (e2m). Founded in 2009, e2m aggregates local flexibility and renewable energ...
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June 11, 2019
ABB wins contract for the development of DolWin5 HVDC Transmission System in North Sea
ABB’s Power Grids business has been awarded a triple-digit million-euro order from the Aibel/Keppel FELS consortium, which will design, construct, and build the High Voltage Direct Current (HVDC...
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