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Norton Rose advises Impax on planned purchase of Conergy’s wind business

Legal practice Norton Rose has advised UK private equity fund Impax Asset Management on the planned purchase of Epuron’s wind development and operating business in Germany and France.

Epuron is a subsidiary of German TecDax-listed solar system manufacturer Conergy.

The purchase agreement was signed on 9 December 2010. The financial details of the transaction have not been disclosed.

Impax Asset Management is an investment manager dedicated to the environmental sector, with a focus on alternative energy, water and waste. It will acquire the Conergy wind development activities based in Hamburg, all partnership shares of three operating wind farms in Eastern Germany, the operation management business CSO Energy and 100 per cent of the company’s wind business based in France, among other assets.

Impax will take up Epuron’s strategy to build a wind energy independent power producer portfolio.

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