CKW sells majority stake in EWA-energieUri AG to the canton of Uri and the corporation Uri
Niederer Kraft Frey advised CKW on the sale of a majority stake in EWA-energieUri AG to a consortium consisting of the canton of Uri, the corporation Uri and funds managed by Swiss Life Asset Management.
In the future, the canton of Uri and the corporation Uri will hold the majority of shares in the electricity company EWA-energieUri with 51%. The cantonal government is thus fulfilling the mandate of the cantonal council and the local council that of the corporation council, which had called for the acquisition of a majority shareholding in connection with the upcoming concession renewals in order to further strengthen the company as part of the implementation of the cantonal energy strategy. The previous majority shareholder CKW is reducing its stake to 10 percent and remains a strategic anchor shareholder.
EWA-energie Uri AG as a company in the environment of power generation with renewable energies and their high potential for the energy supply of Uri and climate policy challenges has a weighty economic, regional political and financial significance.
The NKF team was led by Corporate/M&A partner Andreas Casutt, working with associate Binderiya Gan-Ayush (Corporate/M&A) and partner Nicolas Birkhäuser (Antitrust).