Groupe E Celsius SA

On December 1, 2015, Groupe E and the city of Fribourg have incorporated Groupe E Celsius SA, a new platform, which merges all district heating activities of Groupe E and the natural gas activities of Frigaz SA, the Fribourg-based natural gas distributor. Said platform includes also Placad, the district heating company of the Pérolles Heights. The value of the combined business amounts to approximately CHF 350 millions.

The operation was approved by the Swiss Competition Commission and Groupe E Celsius SA will start its operating activities on January 1, 2016.

Lenz & Staehelin acted as deal counsel in this transaction. The team included Daniel Schafer (Partner, Tax/Corporate) and Benoît Merkt (Partner, Competition) as well as Laurent Kern (Associate, Tax/Corporate) and Adrien Alberini (Associate, Competition).

Published: 1 December 2015