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Wolf Theiss Advises Uniper on Sale of Hungarian Combined-Cycle 430-Megawatt Gas Power Plant to Veolia

Wolf Theiss Advises Uniper on Sale of Hungarian Combined-Cycle 430-Megawatt Gas Power Plant to Veolia

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Wolf Theiss has advised Uniper on the sale of the Gonyu gas-fired combined-cycle 430-megawatt power plant to Veolia. BDO Legal Hungary and Cleary Gottlieb reportedly advised Veolia.

The transaction remains contingent on regulatory approval.

Uniper is a German multinational energy company based in Duesseldorf, Germany, and has been a state-owned enterprise since late 2022.

Veolia is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management, and energy services.

According to Wolf Theiss, "Uniper has signed a share purchase agreement to sell Hungary's most modern gas-fired combined-cycle 430-megawatt power plant located in Gonyu, Hungary, to Veolia. Uniper is selling 100% of the shares in Uniper Hungary Energetikai, the Gonyu power plant operator, to Veolia Invest Hungary, a subsidiary of Veolia."

The Wolf Theiss team included Budapest-based Partner Laszlo Kenyeres, Counsel Norbert Balint, Senior Associate Zoltan Bodog, and Associates Bence Kalman and Kinga Kajcsos as well as Vienna-based Partner Sarah Wared.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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