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Bucharest, 27 August 2008: Þuca Zbârcea & Asociaþii assisted CEZ in the acquisition of two wind farms from Continental Wind Partners LLC
Yesterday evening, CEZ Group and Continental Wind Partners LLC (CWP) concluded the sale of CWP’s adjacent Fantanele and Cogealac wind farms in Romania. The two projects will be the largest onshore wind farm in Europe with a total capacity of 600 megawatts.
Þuca Zbârcea & Asociaþii fielded a team of 10 lawyers led by Sorin Vlãdescu, Partner. The team also included Irina Moinescu, Managing Associate and Mihaela Alexandrescu, Senior Associate.
„It was a very interesting transaction, especially considering it is the first acquisition project of this kind in Romania. For the past 4 months, we have assisted CEZ in connection with all legal matters entailed by the acquisition procedure, and we shall continue to advise CEZ on the post-closing matters and development of the project”, said Sorin Vlãdescu.
The total investment of CEZ Group into the project will reach EUR 1.1 billion. The wind farm will represent almost 30% of the renewable market in Romania (including large hydro) when it becomes fully operational.
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About Þuca Zbârcea & Asociaþii:
Þuca Zbârcea & Asociaþii is one of the leading law firms in Romania. With over 75 lawyers and 15 partners, the firm was recognized as the most active transactional law firm in the market.
In 2008, for the second year running, Þuca Zbârcea & Asociaþii won the Law Firm of the Year Award, following nominations of the Romanian business community. Furthermore, we are the sole Romanian law firm included in the Financial Times’ - FT Law 50 and one of the most innovative law firms in Europe.
In 2007, Þuca Zbârcea & Asociaþii opened a regional office in Cluj-Napoca, in association with Nistorescu ªomlea & Asociaþii.
For more information, please contact:
Alina Nicolae
PR & Marketing Executive
Þuca Zbârcea & Asociaþii
Phone no.: 0723 526 389
E-mail: alina.nicolae@tuca.ro
Web: www.tuca.ro