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News from Members Bondoc & Asociații Assisted Transactions in the Energy Sector

Bondoc & Asociații Assisted Transactions in the Energy Sector

by Bondoc & Asociatii February 2, 2021

Bondoc și Asociații assisted STEAG GmbH, one of the largest energy producers in Germany, in the process of selling its participation in Crucea Wind Farm SA, which operates a 108 MW wind farm, as well as its participation in STEAG Energie Romania SRL, an energy services company

The transaction was signed following a competitive process, which involved both local and international players. Bondoc și Asociații team, coordinated by Lucian Bondoc and Monica Iancu, partners, was involved in the entire process of preparing the transaction documents, conducting competitive negotiations and in the selection of potential buyers and the execution of documents with the selected buyer.

The team also provided assistance in the analysis of various legal issues during the due diligence processes carried out by the participants in the competitive transaction process and continues to assist STEAG in order to finalize the transaction according to the signed contract.

The assistance provided for the sale by STEAG of its participations in Romania comes as a result of a long-term professional relationship between Bondoc și Asociații lawyers and the German group.

Bondoc și Asociații assisted Restart Energy, an independent electricity and gas supplier on the local market, in negotiating the documentation regarding its cooperation with Interlink Capital Strategies in Washington DC (USA), a consulting and fund management company, in order to develop green energy projects worth $ 500 million in Romania and neighboring countries, as well as to launch the RED platform, based on the blockchain technology, in the USA.

Bondoc și Asociații team led by Monica Iancu, partner, was involved in negotiating the agreement and in coordinating all the aspects falling under the scope of the applicable Romanian legislation.

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