Iqony GmbH (Iqony) has announced that it is acquiring the 49% stake in Iqony Fernwärme GmbH held by MEAG Munich Ergo Asset Management GmbH. With the takeover, Iqony will become the sole shareholder of Iqony Fernwärme GmbH. The transaction is subject to approval under foreign trade law.
Iqony Fernwärme operates a district heating network in Bottrop, Essen and Gelsenkirchen with a total length of around 740 kilometers. The almost 160 employees generate a turnover of around 210 million euros. With the complete takeover, Iqony is taking account of the exposed strategic importance of the business area within the company and for society as a whole.
Berner Fleck Wettich (www.bfw.law) advised Iqony comprehensively in connection with the transaction. The foreign trade law issues are being handled by the law firm Oppenländer.