POELLATH advises EQT on management participation in the sale of its stake in G+E GETEC Holding GmbH
The agreement is still subject to the customary regulatory approvals. The transaction is expected to close at the end of the first quarter of 2022. POELLATH previously advised EQT on the most recent acquisition of a 75% stake in 2017 for the management participation.
Magdeburg-based GETEC Group is an energy supplier of heat and electricity to industrial and real estate customers operating across Germany and Europe. The company currently employs more than 2,000 people and operates more than 11,500 decentralized energy generation plants in Germany and neighbouring countries. They supply around one million people with heating, cooling and electricity, almost one third of which is generated from renewable energy sources.
POELLATH provided legal and tax advice to EQT in connection with the management participation with the following Munich team: