Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised Holcim Romania on the acquisition of Uranus Pluton SRL, a granite quarry operator active since 2004 in Tulcea county.  NNDKP assisted Holcim Romania at every stage of the transaction, from conducting due diligence on the target and its mining operations to advising on the negotiation of the share sale and purchase agreement, as well as drafting and reviewing the relevant contractual documentation.  Ruxandra Bologa, Partner and Co-Head of the Corporate/M&A and Energy and Natural Resources practices, coordinated the legal assistance provided in the transaction. Ruxandra was supported by Emanuel Flechea, Senior Managing Associate, and Georgiana Surdu, Associate, from the same practices, as well as Vlad Tanase, Partner in the Real Estate practice. “We are happy to have had the opportunity to assist Holcim Romania in a new acquisition on the construction materials market, strengthening its market position and diversifying its portfolio of products and solutions. We are also delighted to have supported Holcim throughout the process, contributing to the company’s sustainable growth plans, and we thank them for their trust in NNDKP’s team and for our excellent collaboration so far”, declared Ruxandra Bologa, Partner. With more than 35 years of experience in the market, NNDKP lawyers provide integrated and specialized assistance in all areas of law covered by transactions and regulatory projects, helping to identify bespoke solutions and strategies for each client. Over the past three decades, NNDKP’s Energy and Natural Resources team has built an impressive portfolio of successful projects, including first-of-their-kind initiatives in Romania and matters involving novel regulatory aspects.

CMS has advised a syndicate of banks comprising Erste Group Bank AG, Banca Comercială Română SA, Raiffeisen Bank International AG and Raiffeisen Bank SA on the refinancing of the Palas Iasi mixed-use portfolio. The refinancing has consolidated several Iulius Group companies that form part of the Palas complex's retail and office assets.  The CMS team has provided comprehensive legal assistance across all stages of the transaction, from conducting the due diligence process to structuring the transaction, drafting and negotiating the financing documentation and fulfilling the conditions precedent for drawdown. The project featured a complex financing structure, both in terms of the number of entities involved and the nature of the real rights held by these companies for the development of the real estate project, as well as efficient adaptation of the security package and corporate documentation for each entity.  Alina Tihan, Finance Partner at CMS Romania, said: “It was a privilege to have advised the financing banks and to work together with Palas’ team on this landmark financing in the Romanian market.