Cyril Amarchand Mangaldas Advises AM Green Technology & Solutions B.V On Its Strategic Acquisition Of Fortum 3 B.V.

Cyril Amarchand Mangaldas (CAM) advised Netherlands-headquartered AM Green Technology & Solutions B.V., a part of the Greenko Group,  (“Acquirer”) on its strategic buyout (100%) of Netherlands based Fortum 3 B.V. (“Fortum BV”) from Fortum Power and Heat Oy (“Fortum”), and the indirect acquisition of Fortum’s significant shareholding in its Indian joint venture viz., Assam Bio Ethanol Private Limited (formerly, Assam Bio Refinery Private Limited), (“Indian JV”). CAM also advised on the legal due diligence of Fortum BV and the Indian JV.

The consummation of the acquisition is subject to certain pre-closing conditions.

The transaction team was led by Ruetveij Pandya, Partner; and Jeeta Nayak, Partner; with support from Sajith Anjickal, Associate; and Sana Sarosh, Associate.

Gayatri Shanker, Partner; supported by Aditi Chopra, Associate; advised on project contracts and financing related matters pertaining to the transaction.

Swati Sharma, Partner & Head – Intellectual Property; supported by Gitika Suri, Director; Sandeep Pandey, Principal Associate; and Andri Shukla, Senior Associate; advised on intellectual property related aspects of the transaction.

Avaantika Kakkar, Partner & Head - Competition); supported by Rajat Sharma, Senior Associate; advised on the competition law aspects of the transaction.

Santosh Janakiram, Senior Partner; provided overall strategic inputs and guidance on the transaction.

The Legal Due Diligence was led by Jeeta Nayak, Partner;  Gayatri Shanker, Partner; and Swati Sharma, Partner & Head – Intellectual Property;  and supported by Gitika Suri, Director; Sandeep Pandey, Principal Associate; and Andri Shukla, Senior Associate; Aditi Chopra, Associate; Sana Sarosh, Associate; Sajith Anjickal, Associate; Kajal Singhvi, Associate; and Nitya Ravichandra, Associate.

CAM advised as lead counsel for the Acquirer, and was the sole Indian legal counsel on the transaction.