Key legal and regulatory developments driving and shaping M&A
M&A activity in the energy sector will be driven in part by the transition to lower carbon energy sources as investors seek to future-proof their businesses or satisfy environmental, social and governance requirements. Growing activity is expected in the renewable heating and transport fuel sectors, as these sectors become the focus of policy interventions.
Norton Rose Fulbright advised ABN Amro, BP, Gunvor, ING, Koch Supply & Trading, Mercuria, Shell, Société Générale and Equinor in a corporate joint venture for the purpose of developing a commodities trading platform using distributed ledger technology. By managing physical energy transactions on a distributed ledger, the joint venture (now known at Vakt) aims to create a secure, trusted ecosystem for counterparty interaction, with anticipated gains in cybersecurity, operational efficiency and trade finance.
Over recent years there has been a growing focus by infrastructure funds and other investors on digital infrastructure as a distinct asset class, which has in turn led banks and other financial institutions to follow suit. Initially, this was primarily related to towers, but in the past couple of years we have seen a broader application to fibre/broadband investments, data centers and other digital infrastructure opportunities (such as cable and satellite).
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