Latham & Watkins has advised APG Asset Management (APG), the Netherlands’ largest pension services provider, on its joint acquisition with Pensionskasse Stadt Zürich (PKZH) of a 38% stake in Kallista Energy (Kallista) from Ardian. Headquartered in France, Kallista is an established developer and operator of renewable energy assets across onshore, wind, and solar and is expanding its activities in battery energy storage systems.
APG, already Kallista’s majority shareholder, has increased its ownership through this transaction, while PKZH joined as a new minority shareholder.
The Latham team was led by Paris corporate partner Benjamin de Blegiers, with associates Jacek Urban and Juliette Gilioli. Advice was also provided on tax matters by partner Estelle Philippi, with associate Jean-Baptiste Bourbier; on antitrust and FDI matters by associate Aliénor Estrade; and on sanctions matters by associate Hana Ladhari.
