Țuca Zbârcea & Asociații advised OMV Petrom on the acquisition of a 50% stake in Electrocentrale Borzești and a 100% stake in Renovatio Asset Management. Electrocentrale Borzești owns renewable energy projects with a capacity of approximately 1 GW, consisting of 950 MW of wind power and 50 MW of photovoltaic power. Renovatio Asset Management owns the largest electric vehicle charging network in Romania, with over 400 charging points.
The legal assistance included the preparation of the legal due diligence report and the drafting and negotiation of the documents related to the two transactions. The services also covered legal advice to define the framework of cooperation between OMV Petrom and Renovatio in the development of photovoltaic and wind power plants in the coming years.
The team was led by Partners Cornel Popa, Silvana Ivan and Alexandra Pereș, as well as Managing Associate Nisa Jecu.