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CMS Advises Hidroelectrica on Acquisition of 108 MW Wind Farm in Romania

CMS Advises Hidroelectrica on Acquisition of 108 MW Wind Farm in Romania

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CMS has advised Hidroelectrica, the Romanian majority state-owned hydropower producer, on the acquisition of an operational 108 MW wind farm located in the Constanta county of Romania from the German STEAG group.

The transaction, which remains subject to regulatory approval, is expected to close in the first quarter of 2021.

Hidroelectrica is the main provider of ancillary services necessary for the National Energy System in Romania. CMS describes the acquisition as forming "part of Hidroelectrica’s strategy to consolidate its leading position in the Romanian energy market and to become a regional leader in renewable energy.”

CMS’s team included Partners Horea Popescu, Varinia Radu, and Roxana Fratila, Senior Associates Mircea Moraru, Ramona Dulamea, Claudia Nagy, Claudia Popescu, Raluca Ionescu, and Valentina Parvu, Associates Raluca Diaconeasa, Madalina Constantinescu, Catalin Vasile, Simona Strava, Cristina Ciomos, and Alexandru Dumitrescu, and Lawyer Alexandru Trandafir.

Editor's note: After this article was published, Bondoc & Asociatii informed CEE Legal Matters that it had advised STEAG on the deal. The firm's team included Partners Lucian Bondoc and Monica Iancu.

Bondoc si Asociatii at a Glance

Bondoc și Asociații SCA is a leading Romanian law firm advising private corporations, public entities and lending institutions in the development of significant and increasingly integrated projects in a wide range of practice areas, including corporate and commercial law, M&A, banking & finance (including also structural funds and state aid), energy, capital markets, competition law, labor, real estate, IT&C, regulatory and compliance. Its lawyers are specialized in providing integrated advice on virtually every legal aspect associated with complex cross-border transactions, as well as domestic projects.

We have the experience and necessary resources to advise private corporations, public entities and financial institutions in their cross-border expansion, in the development of significant and increasingly integrated projects.

In terms of M&A transactional work, our team has been involved in many significant transactions covering a broad range of industries.

We are one of the few firms capable of assisting in a professional manner on virtually any type of M&A project in any industry in Romania and of any size, including with respect to highly regulated sectors or in connection with public authorities.

We have very strong departments in all support areas needed for such transactions, including without limitation competition, commercial law, real estate, labor law, banking &finance, energy, environment, and other regulatory.

Key Information:

  • 9 partners;
  • 40 lawyers, most of whom have also studied abroad;
  • Covering the full range of legal services;
  • Having worked on many of the largest and most complex projects in the Romanian market in the past 3 years;
  • One of the very few Romanian law firms growing in the market;
  • Highly recommended by international directories in 11 areas of law.

We offer:

  • Integrity;
  • A Client-oriented approach;
  • Top quality services, including in highly regulated sectors;
  • A size allowing for the coverage of several large projects at the same time;
  • Very strong experience in both domestic and international complex projects, including in highly regulated sectors;
  • A holistic approach.

Expertise:

Our lawyers have wide experience in dealing with complex and sophisticated legal matters.

  1. Banking & Finance
  2. Capital Markets
  3. Commercial
  4. Competition
  5. Corporate / Mergers & Acquisitions
  6. Data Protection
  7. Employment
  8. Energy & Natural Resources
  9. Environment & Regulatory
  10. Healthcare/Pharma & Medical Services
  11. Insurance and Private Pensions
  12. Intellectual Property
  13. IT/Technology & Communications
  14. Litigation & Arbitration
  15. Media, Entertainment & Advertising
  16. Public Procurement & PPP
  17. Real Estate& Constructions
  18. Restructuring & Liquidation
  19. State Aid & European Structural Funds
  20. White Collar / Investigations & Compliance

For further information about Bondoc si Asociatii Law Firm, please visit our website at bondoc-asociatii.ro.