Pinsent Masons MPillay advises Coro Energy plc on sale of European gas business
29 Nov 2023 | 03:47 pm |
Multinational law firm Pinsent Masons MPillay has advised Southeast Asian energy company Coro Energy plc on the sale of Coro Europe Limited to Zodiac Energy plc.
Coro Europe Limited owns a portfolio of producing and development-stage natural gas assets in Italy.
Pinsent Masons MPillay advised Coro Energy plc on the English law aspects of the sale. The cross-border deal team was led by UK-based corporate partner Rosalie Chadwick and included Singapore-based senior associate Steven McKinley and UK-based associate Beth Stott.
Commenting on the matter, Rosalie Chadwick said: “This was an important transaction for Coro Energy that will allow the company to focus greater resources on Southeast Asia. There is a significant investment push in the Asia Pacific region driving the transition to renewable energy and this divestment allows Coro Energy to focus on that.”
Coro Energy plc is an AIM-listed energy company with a growth strategy centred on low carbon energy investments, supported by an existing platform of gas assets.
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