Tue, Apr
57 New Articles

CMS and B2RLaw Advise on SINO-CEEF's Sale of Polish PV Portfolio

CMS and B2RLaw Advise on SINO-CEEF's Sale of Polish PV Portfolio

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has advised a company from the SINO-CEEF group on the construction and sale of a 51-megawatt photovoltaic power plant portfolio in Poland to a consortium of two Chinese investors. B2RLaw, working with King & Wood Mallesons, advised the unidentified buyers on their acquisition.

The transaction closed on September 21, 2022. 

According to CMS, "SINO-CEEF is a leading private equity firm that focuses on investments in Central and Eastern Europe, as well as other regions associated with the Belt and Road Initiative."

According to B2RLaw, "the total power generation of these projects is expected to reach 50 gigawatt-hours per year, which meets the electricity demand of more than 9,000 households in Poland and reduces nearly 50,000 tons of carbon dioxide emissions annually, in line with the renewable energy development goals of both Poland and the European Union. The projects have created 300 local job opportunities."

CMS’ team included Partners Lukasz Szatkowski and Rafal Zwierz, Counsels Malgorzata Brauckmann-Sajkiewicz and Krzysztof Mrozik, Senior Associates Marta Osowska-Buba, Karol Kozlowski, Piotr Prawda, and Adam Kedziora, Associates Kinga Mogilnicka, Rafal Kolkowski, and Julia Czerwinska, and Lawyers Alicja Smyklinska, Karolina Drozd, and Adrianna Roszak.

B2RLaw’s team included Partners Agnieszka Hajos-Iwanska and Bogdan Duda, Counsels Filip Badziak, Luiza Wyrebkowska, Piotr Leonarski, and Paulina Wyrostek, Senior Associate Krystyna Jakubowska, Associate Ewelina Chabowska, Junior Associates Dorota Gaju, Michal Blados, and Konrad Czernecki, and Paralegal Julia Bujkowska.

Editor's Note: After this article was published, Norton Rose Fulbright announced it had advised the Bank of China (Luxembourg) Poland Branch on financing the acquisition. The firm's Warsaw-based team was led by Associate Igor Kondratowicz under the supervision of Counsel Tomasz Rogalski.

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.