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Tuca Zbarcea & Asociatii Advises Electrica on EUR 600,000 Acquisition of Green Energy Consultancy & Investments

Tuca Zbarcea & Asociatii Advises Electrica on EUR 600,000 Acquisition of Green Energy Consultancy & Investments

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Tuca Zbarcea & Asociatii has advised Electrica on its EUR 600,000 acquisition of Green Energy Consultancy & Investments from shareholders Vlad-Mihai and Tudor-Nicolae Ungureanu.

Electrica is a Romanian electricity distribution and supply company listed on the Bucharest and London stock exchanges.

According to Tuca Zbarcea & Asociatii, Green Energy Consultancy & Investments is developing the Vulturu photovoltaic project, with a designed installed capacity of 12 megawatts DC (peak power at the panels level) and 9.75 megawatts AC (power authorized for delivery into the grid), located near Vulturu, in Vrancea county. “The final price will be determined by adjusting the total estimated price depending on the production capacity, based on a contractually established calculation formula.”

The transaction is “in line with the 2019-2023 Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources,” the firm announced.

Tuca Zbarcea & Asociatii’s team included Partner Sorin Vladescu and Managing Associates Nisa Jecu and Raluca Misu.

Tuca Zbarcea & Asociatii could not disclose additional information on the transaction.

Tuca Zbarcea & Asociatii at a Glance

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.