Abu Dhabi Investment Authority and Global Infrastructure Management, LLC reached an agreement to acquire a 72.55% stake in VTG Aktiengesellschaft from Morgan Stanley Infrastructure Inc. and Joachim Herz Stiftung on June 24, 2022. The transaction values VTG AG at €7000 million. The transaction is subject to customary regulatory closing conditions.

GIP and ADIA were advised by Deutsche Bank as sole financial advisers and Freshfields Bruckhaus Deringer as legal counsel. Lazard, Inc. acted as financial advisor to VTG Aktiengesellschaft. Morgan Stanley (NYSE:MS) acted as financial advisor to VTG Aktiengesellschaft.

Lazard & Co. GmbH acted as financial advisor and Flick Gocke Schaumburg acted as legal advisor to JHS. Eric Liu of Linklaters LLP acted as legal advisor to VTG Aktiengesellschaft.