Hogan Lovells advises EDF on sale of minority stake in Stredoslovenska Energetika

Hogan Lovells has advised EDF in relation to the sale of its minority stake of 49 per cent in Stredoslovenska Energetika (SSE) to Energeticky (EPH).

The transaction has been approved by SSE’s general shareholders meeting and was cleared by the competition authorities. It values the 49 per cent stake of EDF in SSE at approximately €400m (£330m).

SSE is the second-largest electricity distribution and supply operator in Slovakia and EPH is a Czech-based Central and Eastern Europe energy company.

The Hogan Lovells team in charge of this transaction was led from Paris by corporate partner Xavier Doumen, who worked with associates Arnaud Deparday and Mathieu Frick, London partner Tom Whelan, Prague partner Miroslav Dubovsky and associate Tomas Varoscak.

Dedak & Partners assisted on the Slovakian law aspects of the transaction, with partner Eduard Winkler, senior associate Dominika Schweighoferova and associate Martin Tedla.