Pinsent Masons advises Eni on joint venture with bp to create a new independent energy company in Angola
16 Mar 2022 | 09:21 am |
Multinational law firm Pinsent Masons has advised Eni on its agreement with bp to form a new 50/50 independent company, Azule Energy in Angola.
Azule Energy is expected to be Angola’s largest producer, holding stakes in 16 licences, as well as participating in the Angola LNG joint venture. Azule Energy will also take over Eni’s stake in Solenova, a solar company jointly held with Sonangol.
Pinsent Masons has advised Eni on all aspects of this complex deal including M&A, tax, employment, and energy regulatory advice.
Commenting on the deal, lead partner Akshai Fofaria said: “This joint venture will transform Angola’s energy landscape. The multidisciplinary nature of our team enabled us to navigate the complexities of this transaction to reach agreement on an innovative new venture that will have one of the largest portfolios in Sub-Saharan Africa.”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on Victorian government-owned wind farm project
Multinational law firm Pinsent Masons has advised global wind turbine manufacturer Vestas on its role in the Delburn Wind Farm in the Australian state of Victoria.
Pinsent Masons advises Scottish Friendly on proposed merger with OneFamily
Multinational law firm Pinsent Masons has advised Scottish Friendly on its proposed merger with OneFamily, a combination that would create one of the UK’s largest mutual life assurance groups with 2.3 million members and nearly £10 billion in assets under management.
Pinsent Masons announces new partner hire to London employment team
International law firm Pinsent Masons has today announced that the firm has bolstered its London Employment & Incentives team with the hire of Ian Shaw from Korn Ferry.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons announces new partner hire to London employment team
International law firm Pinsent Masons has today announced that the firm has bolstered its London Employment & Incentives team with the hire of Ian Shaw from Korn Ferry.
Pinsent Masons advises on sale of VLocker to Venu+
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Pinsent Masons advises CSG Chemical Solutions on Celtic Water Care Solutions acquisition
Multinational law firm Pinsent Masons has advised CSG Chemical Solutions (CSG) on their acquisition of Cork-based Celtic Water Care Solutions Limited (Celtic Water Care).
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]