NNDKP assisted Repower AG in the sale of its operations in Romania to MET Group
NNDKP provided legal and fiscal assistance to Repower AG in the process of sale of its operations in Romania to MET Group, Switzerland. Through this transaction, MET Group took full control over Repower’s Romanian company, including its employees. MET Group was assisted by Kinstellar’s Bucharest office.
From NNDKP, the transaction was coordinated by Gabriela Cacerea, Partner and Co-Head of the Energy and Natural Resources and Corporate/M&A practices. The legal team involved in the transaction included Mirela Preda, Managing Associate, Mădălina Pancă, Senior Associate, Ioana Vieru, Associate, Emanuel Flechea, Associate (Corporate/M&A and Energy), as well as Alexandra Pătrașcu, Senior Associate (Tax).
“We are pleased to have had the opportunity to assist the Repower team in this transaction, which we would rate as one of the most significant ones in 2016 in this activity sector. The fact that we have the resources necessary to provide integrated legal and tax services is a clear advantage for any type of transaction, irrespective of its structure and complexity”, stated Gabriela Cacerea.
The project started in January of this year and was successfully completed in November 2016. The entire legal assistance process was complex, especially because of the structure that was chosen for this transaction, namely a competitive bidding process. NNDKP was involved in all aspects of the transaction, including organizing the data room, drafting and negotiating the confidentiality contracts, as well as structuring, drafting and negotiating the sale-purchase agreement.