21 April 2016

Centrica to acquire Neas Energy

Centrica plc has agreed to acquire Neas Energy A/S (Neas), one of Europe’s leading providers of energy management and revenue optimisation services for decentralised third-party owned assets, for DKK1.6 billion in cash plus adjustments for cash and net working capital.

The acquisition is in line with Centrica’s strategy to expand its route to market services in Europe, and to continue to utilise and build its knowledge of European energy markets in order to benefit from trading and optimisation activity.

Horten has assisted Centrica with transaction support on all legal matters.

related news

Tender Offer to shareholders of Copenhagen Airports

11 December 2017

Copenhagen Airports announced on December 8 that a vehicle owned by Ontario Teachers Pension Plan and ATP has made a mandatory tender offer to the shareholders of Copenhagen Airports.

Eastern High Court upholds the Metro judgment for violation of the Competition Act

23 November 2017

Metro is sentenced to pay a fine of DKK 50,000 for violation of the Competition Act by withholding information in a merger. Eastern High Court upheld the district court's ruling.

IFLR1000 recognises 12 Horten partners

18 October 2017

The international directory IFLR1000 recently published its Financial and Corporate Rankings for 2018 - and Horten has improved its ranking in several areas.

Green Tech Challenge 2017

27 September 2017

Horten supports the Green Tech Challenge with a team of advisors and a financial contribution. The Green Tech Challenge supports a number of selected Nordic tech companies with a strong sustainable agenda to optimise their businesses.

Compliance: E-leaning in competition law

20 September 2017

Horten now offers e-learning in competition law tailored to each company.

ATP makes investment in Copenhagen Airports - tender offer expected

15 September 2017

Copenhagen Airports (Nasdaq Copenhagen listed; ticker: KBHL:DC), the operator of the largest airport in the Nordic Region, announced on September 13 that ATP together with Ontario Teachers' Pension Plan had agreed to purchase a stake in Copenhagen Airports bringing joint control over 57.7 per cent of all shares and votes.

The edtech company Labster announces Series A investment

7 September 2017

Labster recently announced a Series A investment round of $ 10 million with the participation of the venture capital funds Balderton Capital and Northzone.

New partner at Horten

15 August 2017

Horten Law Firm has admitted Christian Gregersen as equity partner.

Maj Invest Equity sells JFK Industri A/S to GROUPE SFPI

2 August 2017

Maj Invest Equity and the minority investors have sold JFK Industri A/S to the listed French company GROUPE SFPI with effect from 31 July 2017.

Baltic Gas Pipe Project continues

26 July 2017

Phase 1 of the Open Season 2017 for the Baltic Pipe Project showed sufficient demand for gas transportation – making it possible for the activities to continue.

Giant merger of oil and gas activities in the North Sea

18 July 2017

Centrica plc has concluded an agreement with Bayerngas Norge AS concerning a merger of the European oil and gas activities in the North Sea.

New oil and gas strategy for the North Sea

4 July 2017

A new oil and gas strategy has been set out for the Danish part of the North Sea. The strategy was prepared in cooperation between the industry, the DEA and GEUS to ensure optimal exploitation of the Danish resources.

Maj Invest Equity enters into partnership with Victor Gruppen Restauranter

28 June 2017

Maj Invest Equity has concluded an agreement to acquire 50 % of Victor Gruppen Restauranter. It is a partnership as the remaining 50 % of the group will still be owned by the management and the present owners of Victor Gruppen Restauranter.

Denmark: The world's third best location for doing business

9 June 2017

Each year, the World Bank publishes the Doing Business Report, which evaluates the business climate across 189 countries worldwide. The report investigates 11 criteria all essential to the establishment and operation of a business. On behalf of Horten, Jim Øksnebjerg, partner, contributes to the report in relation to investor protection.

Karsten Ree Group sells Østergaard Biler to Europcar

17 May 2017

A team of Horten lawyers headed by Michael Goeskjær and Jim Øksnebjerg has assisted the Karsten Ree Group with a sale of the car rental company Østergaard Biler to Europcar.

Are you a hedgehog or a fox?

11 May 2017

Horten today hosted a workshop for a select group of Danish and European GCs, CLOs and Chief Legal Counsels on the role of the top legal officer. The workshop was by invitation of Global Leaders in Law.

Merger control: When to notify mergers and acquisition to national competition authorities

10 May 2017

In mergers and acquisitions, it is always relevant to consider, if the transaction is subject to merger control – on either a national or an EU level. Transactions that are subject to merger control must be notified and approved, before they are implemented.

Final sale of LM Wind Power to General Electric

1 May 2017

The actual takeover of LM Wind Power took place on 20 April 2017 following the competition authorities' approval in the EU, USA, China and Brazil.

Honors to M&A partner Lise Lotte Hjerrild

25 April 2017

Partner Lise Lotte Hjerrild is appointed to the Steering Group of the International M&A and Joint Venture Committee of the American Bar Association and Women in Law Awards 2017.

Horten advances in new Chambers and Legal 500 rankings

19 April 2017

In 2017, the leading international ranking agencies, Legal 500 and Chambers, are once again ranking Horten among the best law firms in Denmark.

Conditional approval of Maersk Line's purchase of German container shipping company

12 April 2017

The European Commission has approved Maersk Line's takeover of the German container shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG).

Eurofins reinforces its market leadership with the acquisition of VBM Laboratoriet in Denmark

31 March 2017

A team of Horten lawyers headed by Jim Øksnebjerg has assisted the owners of VBM Laboratoriet A/S with the sale to Eurofins Scientific (EUFI.PA).

The European Commission: Aid to construction of Kriegers Flak is legal

30 March 2017

The Commission has approved the Danish state aid to the offshore wind turbine project Kriegers Flak as the project will contribute to an increased use of renewable energy in Denmark.

Extensive commitment protects innovation in connection with approved DOW/DUPONT merger

30 March 2017

The European Commission has approved the merger between DOW and DuPont after long-term commitment negotiations. The approval is conditional on DuPont selling many of its pesticide companies and its global R&D.

The European Court of Justice raises questions about wind turbine planning

10 March 2017

In two new rulings, the European Court of Justice has construed the scope and legal effect of directive 2001/42 on the assessment of the effect of certain plans and programmes on the environment (the SEA Directive.

Four new specialised attorneys at Horten

7 March 2017

Horten has appointed four new specialised attorneys having in-depth professional and commercial expertise within personal data law, environmental and planning law, energy and supply law and tax law.

The Energy Regulatory Authority: New criteria for estimation of reasonable return on invested capital

17 February 2017

Recently, the Energy Regulatory Authority listed the circumstances that may and must be included when estimating a reasonable return on capital invested in a heating company in connection with the Authority's approval of return on invested capital.

Horten advises Burmeister & Wain Scandinavian Contractor A/S on its acquisition of Burmeister & Wain Energy A/S in bankruptcy

8 February 2017

With effect from 6 January 2017, Burmeister & Wain Energy A/S (BWE) was acquired by Burmeister & Wain Scandinavian Contractor A/S (BWSC), which, despite the common name, has had different owners since the 90'ies.

The EUDP - new round of applications for grants to energy projects in 2017

1 February 2017

The Energy Technology Development and Demonstration Program (EUDP) has published a new strategy for 2017-2019, which forms the basis of new projects worthy of support. The EUDP is a public scheme supporting new energy technology, which must contribute to achieving the target set in relation to energy and climate. Compared to previous strategies, the new strategy focuses on key areas in a more global perspective.

Does waste incineration play a role in a circular economy?

31 January 2017

The European Commission has published a new communication on the role of waste incineration in a circular economy. The purpose of the communication is to ensure an optimal energy exploitation of non-recoverable waste.

Horten at the top of the M&A league

12 January 2017

According to Mergermarket, Horten is at the top of law firms in 2016 in the large cap M&A deal segment and with a deal flow of USDm 2.565 m, Horten is number four measured on value among all law firms advising on Danish transactions.

Global Leaders in Law appoints Horten as exclusive partner for Denmark

10 January 2017

Global Leaders in Law, the leading global general counsel forum based in London, and Horten has announced partnership. Appointed as a global bronze partner, Horten will sponsor the activities of Global Leaders in Law in 2017.

New partners

4 January 2017

With effect from 1 January 2017, Horten appointed Lars Lüneborg and Julie Arnth Jørgensen as partners.

Legalisation of loans to shareholders and members of management adopted

1 December 2016

Until now, Denmark has been one of the few EU countries that has not allowed companies to issue loans to shareholders and members of management, except for loans to Danish and some international parents. Obviously, this is a competitive disadvantage. On 1 January 2017, such loans will be legal.

New Advisory Board is to advise the government on a circular economy

2 November 2016

The government has set up an Advisory Board consisting of Danish business executives, who are going to advise the government on a circular economy thereby increasing enterprises' earning opportunities, promoting a more efficient utilisation of resources and minimising the environmental impact. The new measure was presented by the Minister of the Environment and Food, Esben Lunde Larsen, and the Minister of Business and Growth, Troels Lund Poulsen.

Mezzanine Capital Partners grants EUR 15 million to MBL Gruppen

31 October 2016

Mezzanine Capital Partners has concluded an agreement with MBL concerning a grant to the company and its shareholders of EUR 15 million to ensure MBL's future geographical growth and development of its product range. Horten has assisted MBL Gruppen.

Horten acts as GE’s Danish lawyer in GE’s acquisition of LM Wind Power

28 October 2016

Horten has acted as GE’s Danish lawyer in GE’s intent to purchase LM Wind Power, a Denmark-based manufacturer and supplier of rotor blades to the wind industry.

IFLR1000 ranks eight Horten partners as Leading Lawyers and two as Rising Stars

18 October 2016

The international directory IFLR1000 recently published its Financial and Corporate Rankings for 2017. These rankings were good news for Horten, as we have increased the number of partners ranked as Leading Lawyers within their legal areas of expertise.

Koppernæs increases its engagement in TripleNine Group - Horten advises Koppernæs

18 October 2016

Koppernæs AS purchased 63% of the shares in the Danish company Triple Fish A/S with effect on October 6, 2016. Horten has advised Koppernæs.

Legalisation of loans to shareholders and members of management

7 October 2016

Danish businesses will finally be able to grant loans to shareholders and members of the management in connection with the adoption of a new bill.

Horten on two committees at the Confederation of Danish Industry, DI

3 October 2016

DI has re-appointed Søren Hornbæk Svendsen as member of the Energy and Climate Policy Committee and Nina Henningsen as member of the Media Policy Committee.

Horten assists VPK Packaging Group with acquisition of Peterson Packaging

3 October 2016

On 3 October 2016, the Belgian packaging manufacturer VPK Packaging Group acquired the Norwegian Peterson Packaging A/S from Pemco A/S and Unitel A/S.

Axcel, PFA and PKA acquires control in Danish Ship Finance

28 September 2016

Danish Ship Finance, the leading Copenhagen based dedicated ship finance institution, today announced that its large owners Danske Bank A/S, Danmarks Nationalbank, A.P. Møller-Maersk A/S and Nordea Bank AB (publ) had entered into an agreement to sell their entire shareholdings equal to 72 per cent of the shares in Danish Ship Finance to a Danish consortium consisting of Axcel, PFA and PKA.

IPO of Nets

27 September 2016

Nets, the Copenhagen based digital payment provider, settled the sale and purchase of offer shares in its successful IPO on Nasdaq Copenhagen.

New partner

19 August 2016

Henning Aasmul-Olsen will join Horten as equity partner. The admission of a new partner is yet another strategic step towards further strengthening Horten's expertise within M&A and business sector advice.

New rankings from IFLR1000: Horten is still the leading law firm within energy and infrastructure

22 June 2016

Every year, the international directory IFLR1000 publishes a guide of the world's best law firms within energy and infrastructure. In the recently published guide, Horten is, like last year, rated as one of the country's best advisers within this area.

Eckes-Granini acquires Rynkeby Foods A/S

19 May 2016

German-based Eckes-Granini Group GmbH (‘Eckes-Granini’), the leading producer of branded fruit-based beverages in Europe, has on 18 May 2010 acquired Rynkeby Foods A/S.

Waste suited for incineration is perhaps to be opened to competition

17 May 2016

On 13 May 2015, the Government published a proposal for alternative financing of the so-called PSO tax. The financing is to take place under the Budget instead of via the PSO tax. One of the initiatives is to open the waste energy production sector to competition

New ratings from the international reference book Legal 500

4 May 2016

There are several good news for Horten in the new rankings, among these to new Tier 1-ratings in Media & entertainment and Telecoms.

Horten has assisted the shareholders of Exerp ApS with the sale of the company's controlling interest

22 April 2016

Horten has assisted the shareholders in Exerp ApS in connection with the Italian company Technogym Sp.A's sale of the controlling interest in the company.

How to prepare and conduct a general meeting

11 April 2016

This article will answer the questions often asked when preparing a general meeting, which most municipal companies are required to hold annually.

International women lawyers discuss the future of the legal profession

6 April 2016

Horten participates when 150 lawyers from all over the world meet in Berlin on 7-8 April under the headline "Law in a changing world – how women can contribute to innovation of the legal profession".

Horten Corporate Day 2016 - Danish companies at the forefront

18 March 2016

At Horten's Corporate Day 2016 on 16 March, Danish and foreign executives and experts gave their views on the trends and opportunities of the Danish business sector. Horten will repeat the success next year with Horten Corporate Day 2017.

Public-private investments in Greenland

9 March 2016

On 26 February 2016, Horten and Nuna Law Firm hosted a conference with focus on public-private investments in Greenland.

The 7th oil and gas licensing round in the North Sea has been concluded

26 February 2016

The Minister of Energy, Utilities and Climate has decided to issue 16 new oil and gas licenses to 12 different companies as a result of the 7th licensing round.

Dispute concerning cost-free loan guarantees to two district heating companies may be brought before the Supreme Court

23 February 2016

State subsidies: A dispute concerning cost-free loan guarantees to two district heating companies may be brought before the Supreme Court, but the municipal initiatives should continue.

Ten things to know about the new water sector act

18 February 2016

The new Water Sector Act will come into force on 1 March 2016. What does the new Act imply? There are many major and minor amendments and, below, we will introduce you to ten of them.

Denmark and Greenland sign new uranium agreement – why now?

12 February 2016

Denmark and Greenland have entered into a uranium agreement regulating the cooperation on future extraction and export of uranium and radioactive minerals.

After the legal action concerning road charges

12 February 2016

Road charges after the Supreme Court ruling - What should municipalities and supply companies be aware of?

Supreme Court: Decisions concerning road charges were invalid

5 February 2016

The Supreme Court has ruled in favour of the Municipality of Slagelse that Forsyningssekretariatet's decisions concerning road charges were invalid.

Lifting of trade sanctions against Iran - possibilities and risks

29 January 2016

On 16 January 2016, the International Atomic Energy Agency (IAEA) stated that Iran had met the requirements for lifting of EU and US trade sanctions against the country. This opens the way for new trade possibilities with Iranian players; however, still subject to certain risks.

EU action plan sets targets for future waste disposal

26 January 2016

"Closing the loop – an Action Plan for a Circular Economy" aims to reduce EU waste volumes. In Denmark, waste incineration is an important energy source, and the plan may therefore challenge the supply sector, says Sinne Conan, CEO of Konsentio, a public affairs bureau in Brussels.

Loan guarantees to two district heating companies were illegal and thereby invalid

26 January 2016

This was established on 25 January 2016 when the Western High Court ruled on a dispute between the Municipality of Sønderborg and two local district heating companies. The ruling means that the municipality is obligated to charge a guarantee commission which constitutes more than DKK 70 million in the guarantee period.

Major savings for the municipality of Brøndby by repurchasing and inviting tenders for street lighting contract

25 January 2016

Horten has assisted the municipality of Brøndby through a lenghty process of negotiations in connection with a repurchase and call for tenders for operation as well as maintenance and renovation of the municipality's street lighting installations.

The waste sector's role in a circular economy

21 January 2016

The development towards a circular economy requires major changes within the waste sector with focus on direct recycling, reuse and on complete removal of toxic materials. This is the assessment of the managing director of the Danish Waste Association, Jacob Hartvig Simonsen.

Amendments to the Trade Act with effect from 1 January 2016

21 January 2016

The amendments will ease the establishment of operational activities in the Greenlandic market - making the establishment of new as well as international business activity in Greenland more favourable.