Mourant Ozannes' Guernsey corporate team has advised Japanese conglomerate Mitsui on the sale of its 25 per cent interest in UK hydro power firm First Hydro to North American company Brookfield Renewable.
The transaction was brought about by a reorganisation of the existing joint venture structure, including transfers and a reclassification of the shares in a Guernsey holding company and an immediately subsequent sale of shares by Mitsui to Brookfield.
The remaining 75 per cent interest was, and still is, held by France's ENGIE.
The Mourant Ozannes team, led by Partner John Rochester with Counsel Alex Davies, worked as offshore counsel alongside onshore firm Linklaters.