News Column

Eversheds advises Chinese investor on Hinkley Point financing

July 8, 2014



Law firm Eversheds is advising state-owned China National Nuclear Corporation (CNNC) on its investment in the 16bn Hinkley Point C nuclear power station.

The Somerset-based project aims to reduce the UK's reliance on fossil fuels. The development, which is due for completion in the early 2020's, will comprise two reactors capable of together producing 3,200 MW of energy.

In 2013 developer EDF Group and the UK government agreed on key commercial terms for the project.

The Eversheds team comprises M&A partner Jay Ze in Beijing, working alongside Global Head of Energy Rob Pitcher, and corporate partner Alex Hand who is also deputy head of nuclear.

Robert Pitcher commented:

"The deal is a major breakthrough for the opening up of opportunities for Chinese companies looking to invest in the UK. It is an honour to play a key role in assisting CNNC in the UK market."

For more information contact

Angelina Hunt

Eversheds

t: +44 (0) 207 919 4826+44 (0) 207 919 4826

m: (0)7825 231 858(0)7825 231 858

e: angelinahunt@eversheds.com

Eversheds LLP and its world wide offices have over 4,000 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 53 international offices in 30 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.

www.eversheds.comCallSend SMSAdd to SkypeYou'll need Skype CreditFree via Skype

.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: M2 PressWIRE


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters