Thu, Jun
57 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

  • 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.