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Enron Mail |
Martin sent this message to London and Michael advised that Sullivan &
Cromwell be retained. With respect to interest by the CFTC in the proposed transaction, would you agree that the same law firm advise on that issue as well? Makes sense to me. Also, what is Energydesk.com LImited? Sara ---------------------- Forwarded by Sara Shackleton/HOU/ECT on 11/09/99 10:45 AM --------------------------- Martin Rosell 11/09/99 09:47 AM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: JAPRO Gruppen Aktiebolag Sara, I hope you're doing well. Please see my note to Paul below. It feels a bit like an overkill to turn directly to Sullivan & Cromwell (as suggested by Micheal) in respect of a USD 1.25 million transaction. The target consists of about a dozen employees and its business is to advise local energy companies on appropriate risk management structures and routines. My understanding is that the target never advises on what trading positions its customers should take. Could there possibly be an interest for the CFTC in this worth investigating further?! I believe the Energydesk.com Limited people intend to let Japro survive and continue its current operations (as well as serving Energydes.com's customers in the future). Please advise! Martin ---------------------- Forwarded by Martin Rosell/OSL/ECT on 99-11-09 12:59 --------------------------- Fiona Lavelle 99-11-04 16:07 To: Martin Rosell/OSL/ECT@ECT cc: Michael R Brown/LON/ECT@ECT Subject: Sullivan & Cromwell ---------------------- Forwarded by Martin Rosell/OSL/ECT on 99-11-09 13:00 --------------------------- Martin Rosell 99-11-09 12:07 To: Paul Simons/LON/ECT@ECT cc: Subject: JAPRO Gruppen Aktiebolag Paul, The above entity is a Swedish limited liability company which Energydesk.com Limited intends to acquire. According to the company's Articles, it may prepare analyses, give information, and engage in advisory and consulting activities with respect to risk management, energy and power trading; carry out strategic and other analyses and advise on strategic and organisation development; engage in IT based consulting as well as in any other activity ancillary with any the foregoing. Principally, the company acts as a risk management consultant for small and medium seized energy companies in the Sweden and Finland. Will the acquisition give rise to any SFA concerns?! Despite the general extraterritorial application of US securities laws, I'd guess an acquisition of a minor Swedish-based operation active in the Nordic market by a U.K. entity would be too remote to cause attraction over there. I may check it anyhow, but do you have a feel for the topic? Martin
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