Consolidated Edison, Inc. (Con Edison) (NYSE: ED), one of the nation’s largest investor-owned energy-delivery companies, has received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with the sale by Con Edison of its interest in its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. and its subsidiaries, to RWE Renewables Americas, LLC, a subsidiary of RWE Aktiengesellschaft. CFIUS concluded that there were no unresolved national security concerns with respect to the transaction.
Latham & Watkins LLP represented Con Edison in the CFIUS clearance process with a team led by Washington, D.C. partner Damara Chambers, with associate Julie Choi Shin. The transaction was led by New York M&A partners Christopher Cross and Leah Sauter.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.
