18.07.2023
Munich, 18.07.2023 – One year after the establishment of the joint venture H2 Lubmin by the Swiss energy company MET and the hydrogen producer HH2E, the British infrastructure manager and private equity investor Foresight is acquiring MET's entire stake and the majority of HH2E's stake. Foresight's planned total investment amounts to over EUR 1 billion. Luther Rechtsanwaltsgesellschaft advised the seller MET on the transaction.
The production plant for green hydrogen in Lubmin near the new LNG terminal is to be one of the largest plants in Europe when completed and will be operated by HH2E. The cooperation with MET Group for the distribution of the product remains in place.
The Luther team already advised MET on the joint establishment of the project with HH2E.
About MET:
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 14 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition.
On behalf of MET:
Luther, Energy Law: Gerd Stuhlmacher (Partner, Lead)
Luther, Corporate/M&A/Private Equity: Dr Michael Bormann (Partner), Dr Andreas Vath (Partner), Dr Moritz Mentzel (Counsel)
Inhouse MET: Bernadett Lastofka
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