Herbert Smith Freehills advises Sumitomo Corporation on its investment in EEW Offshore Wind

Herbert Smith Freehills has advised Sumitomo Corporation on its investment in Germany-based EEW Offshore Wind EU Holding (EEW Offshore Wind). Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) reached an agreement with EEW Group on 14 August 2024. Completion is subject to various legal and regulatory requirements.

EEW Offshore Wind is a worldwide leading manufacturer of “monopiles”, large diameter steel pipes used for the foundation of bottom-fixed offshore wind power generations. Sumitomo Corporation has been engaged in trading activities with EEW Group since the 2000s and has a strong business relationship with EEW Group. Through its investment in EEW Offshore Wind and by providing a stable supply of monopiles, Sumitomo Corporation will contribute to offshore wind power development in Europe.

Sumitomo Corporation is an integrated trading company with a strong global network comprising 128 offices in 65 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of “Enriching lives and the world”, based on Sumitomo’s business philosophy passed down for over 400 years.

Herbert Smith Freehills' team for Sumitomo Corporation:

Düsseldorf/Frankfurt: Corporate/M&A: Dr Christoph Nawroth (Lead), Counsel: Dr Sebastian Schürer, Associates: Phillip Kablitz, Marjel Dema, Christoph Hempel, Nastasja Bührmann, Lara-Lucia Klocke; Competition: Dr Marcel Nuys, Associate: Mirko Gleitsmann; Regulatory: Dr Marius Boewe, Associates: David Rasche, Dejan Einfeldt; Tax: Dr Steffen Hörner, Associates: Eva Jürgens, Dirk Metzler, Tatiana Günster; Finance: Dr Fritz Kleweta, Kai Liebrich, Counsel: Dr Hannes Jacobi, Associates: Dr Tim Abendschein, Marc Soltau, Sophia Peter, Florian Möller; Real Estate: Dr Sven Wortberg, Counsel: Hannes Riedel, Associates: Christina Frieß, Dogan Urun; Employment: Moritz Kunz, Counsel: Dr Anja Lingscheid, Associates: Dr Simone Ziegler, Dr Majaani Hachmeister, Matthias Joschko; IP: Dr Ina vom Feld, Associate: Philippe Träm

Brussels: Competition: Kyriakos Fountoukakos, Of Counsel: Camille Puech-Baron

Paris: Corporate/M&A: Rebecca Major, Associate Hugh Cronin