The BBH group provided comprehensive advice to Stadtwerke Bad Dürkheim GmbH, Stadtwerke Deidesheim GmbH and the municipal enterprise Stadtwerke Wachenheim on the implementation of the full merger. The interdisciplinary advice encompassed business valuations to determine the ownership structure and all necessary steps, in particular with respect to corporate transformation law, company law, municipal law, employment and labour law, and tax law, including the consolidation into a fiscal unit. Furthermore, the BBH group also provided comprehensive advice to the municipal bodies.
Against the background of increasing regulatory and administrative requirements, the shortage of skilled professionals and increasingly complex and expensive IT structures, the full merger offers considerable potential for synergies whilst also strengthening municipal energy supply in the long term.
The joint venture will be operating under the name “Stadtwerke Weinstraße GmbH”. The management team will consist of Dr. Peter Kistenmacher, previously managing director of Stadtwerke Bad Dürkheim GmbH, Alexander Will, previously managing director of Stadtwerke Deidesheim GmbH, and Dieter Panzer, previously works manager of Stadtwerke Wachenheim.
“We are delighted to have been part of this flagship project. A full merger offers the municipal utility companies the greatest opportunities to leverage synergies. The tracking stock model chosen for the joint venture also makes it possible to offset profit and loss of individual segments at company level and to allocate specific segments to the respective participating municipalities, thus ensuring that their interests are safeguarded as effectively as possible,” explains Benedikt Doms, lawyer and BBH partner.
With more than 1,000 employees, 7,000 clients and 7 offices, the BBH group is a leading provider of advisory services to energy and infrastructure companies and their customers. Energy and supply companies, particularly public utilities, municipalities and local authorities, industrial companies and international groups are among its core clients. The BBH group assists these and many other companies and organisations with legal, business and strategic advice.
Contact:
Prof. Dr. Ines Zenke
Rechtsanwältin/Lawyer, Partner
Phone +49 (0)30 611 28 40-179
ines.zenke@bbh-online.de
Visit the BBH group online at www.die-bbh-gruppe.de, www.bbh-blog.de, www.linkedin.com/company/die-bbh-gruppe or instagram.com/die_bbh_gruppe