Bouygues Construction SA and Colas Rail SA agreed to acquire Alpiq Intec AG and Kraftanlagen München GmbH from Alpiq Holding AG (SWX:ALPH) for CHF 850 million on March 25, 2018. As part of consideration CHF 700 million will be paid by Bouygues Construction and CHF 150 million will be paid by Colas Rail. The business has sales of approximately CHF 1.7 billion in 2017. The transaction is subject to the approval of the European and Swiss competition authorities and customary regulatory clearances. The transaction is expected to close in second half of 2018. As of July 11, 2018, European Commission approved the transaction. Thomas Krecek, Anselm Raddatz, Corinna Rogmann, Moritz Petersen, Marc Besen, Johannes Luer and Margret Bootz-Hagen of Clifford Chance acted as legal advisors for Bouygues Construction. Hansjürg Appenzeller, Marcel Dietrich, Anna Peter, Daniel Häusermann, Nina Hagmann, Sarah Chevalley, Sabrina Zimmermann, Thomas Spörri, Stefan Gäumann, Manuel Mühlestein, Olivier Buff, Jakob Merane, Rafael Schoch, Claudine Schär and Maria Braun of Homburger and Thomas Menke, Andreas Wehlau, Jens Günther, Jacob von Andreae, Moritz-Holm-Hadulla, Johannes Niewerth, Vanessa Bayliss, Marc Seeger, Alexander Kebernik, Fabian Kutz, Jonas Rybarz, Mara Schmidt-Klie, Kevin Grimmeiß, Matthias Böglmüller, Eva Heup, Svenja Bender, Michael Neher, Theresa Uhlenhut, Christoph Stock, Dominik Braun, Vanessa Gehle and Matthias Schilde of Gleiss Lutz, Florian Kusznier, Julia Wasserburger, Johannes Stalzer, Teresa Waidmann, Jünger, Vladimír Cížek, Jitka Kadlcíková, Helena Hangler, Christoph Dürr, Madalina Neagu, George Ivan, Alexandra Munteanu, and Adriana Stanculescu of Schoenherr, Eversheds Sutherland, Jenny Avvocati and Pelister Atayilmaz Enkür acted as legal advisors to Alpiq. HSBC Bank plc acted as financial advisor to Bouygues Construction SA. Bouygues Construction SA and Colas Rail SA completed the acquisition of Alpiq Intec AG and Kraftanlagen München GmbH from Alpiq Holding AG (SWX:ALPH) on July 31, 2018. The Swiss competition authorities approved the transaction.