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RTPR Allen & Overy assisted EBRD on the sale of its 1.6 per cent equity stake in Petrom

Date: 12/06/2013
RTPR Allen & Overy has assisted the EBRD on a historical EUR 86.6 million block trade, representing the sale by EBRD of its 1.6 per cent equity stake in Petrom.
“The EBRD transaction involved advice on several complex legal issues, relating to ABBs, private placements and the inside information regime, as well negotiation of the placement agreement with the transaction’s brokers.” said Loredana Boeru (Senior Associate with RTPR Allen & Overy).
“2013 is known as “Year of the block trade”, with volumes at 8 year highs in Europe. RTPR and Allen & Overy are proud to have been involved both locally and internationally in providing legal assistance on the top European trades. RTPR Allen & Overy has advised on three very large block trades over the past years, with Allen & Overy ranking No. 1 by volume for Q3 2013 in the Thomson Reuters EMEA Equity & Equity Related (Issuer Advisor)”.
RTPR was founded in 2004 and has been working in association with the international law firm Allen & Overy LLP, headquartered in London, since 2008. RTPR Allen & Overy has 43 lawyers including 4 partners: Costin Taracila, Victor Padurari, Alexandru Retevoescu, Mihai Ristici, and Professor Lucian Mihai, of counsel.
RTPR Allen & Overy's main areas of activity are financing, mergers and acquisitions, capital markets, insolvency and restructuring, competition, labour law, intellectual property law, litigation and arbitration, and providing advice across a range of business sectors, including energy, telecommunications, finance, real estate and the pharmaceutical industry.
Note to editors:
1. Allen & Overy is an international legal practice with approximately 5,000 staff, including some 525 partners, working in 42 major cities in 29 countries.
2. In this press release “Allen & Overy” means Allen & Overy LLP and its affiliated undertakings.
3. In this press release “RTPR Allen & Overy” means Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP.
4. Allen & Overy has been operating in the CEE region since 1991, when its first office opened in Warsaw. Since then, it has expanded its operations to include Prague, Budapest, Bucharest, Bratislava and Moscow, all of which are renowned in the market for top quality legal advice combined with local commercial understanding, as well as for their integrity and their pro-active approach to matters. Additionally, Allen & Overy signed an exclusive association with the leading full-service Romanian law firm Radu Taracila Padurari Retevoescu SCA (RTPR), effective from July 2008, expanding the number of CEE offices in which we are able to provide local law advice to six.

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