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Norton Rose Fulbright and DLA Piper Advise on PGE PLN 2.3 Billion Sustainability-Linked Financing

Norton Rose Fulbright and DLA Piper Advise on PGE PLN 2.3 Billion Sustainability-Linked Financing

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Norton Rose Fulbright has advised PGE Polska Grupa Energetyczna on a PLN 2.3 billion ESG financing from a banking consortium. DLA Piper advised the banks.

The banking consortium involved in the approximately EUR 490 million financing for PGE included PKO Bank Polski, Bank Polska Kasa Opieki, Bank of China (Europe) branch in Poland, Industrial and Commercial Bank of China (Europe) branch in Poland, Alior Bank, and Santander Bank Polska.

PGE Polska Grupa Energetyczna is a state-owned public power company listed on the Warsaw Stock Exchange.

According to Norton Rose, “the funds will be used for current operations, including the implementation of investments in line with the PGE Group’s long-term strategy to reduce greenhouse gas emissions and increase electricity generation from renewable sources. The cost of financing will depend on the ESG rating assigned to PGE by a specialized agency.”

The Norton Rose team included Partner Tomasz Rogalski, Senior Associate Joanna Braciszewska-Szarapa, and Associate Karolina Majcher.

The DLA Piper team included Senior Associate Aleksander Haleniuk and Junior Associate Jakub Wiatrzyk.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.