25
Thu, Apr
36 New Articles

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

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

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.