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Stratulat Albulescu advises European Investment Bank on EUR 104 million financing granted to the Maspex Group

26 Mai 2023   |   BizLawyer

The investments will be made in cohesion regions in Poland (Wadowice, Lowicz, Lublin, Tymbark, Tychy, Wasosz Dolny) and Romania (Valenii de Munte).

The new financing supports the continuation of the sustainable development program and implementation of strategic investments in technologically advanced solutions in the field of energy and raw material efficiency, as well as increasing the efficiency of production and logistics. It will also cover investments in photovoltaic panels and heat pumps.

The investments will be made in cohesion regions in Poland (Wadowice, Lowicz, Lublin, Tymbark, Tychy, Wasosz Dolny) and Romania (Valenii de Munte).

The European Investment Bank (EIB) is the lending arm of the European Union. EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure.

Maspex is the largest private company in the food industry in Poland and one of the largest in Central and Eastern Europe. The company is: (a) a distinct leader on the market of juices, nectars and beverages in Poland, Czech Republic, Slovakia, Romania and the leading manufacturer in Hungary, Bulgaria, Lithuania and Latvia, (b) a leading player on the Romanian water market, (c) a leader on the market of pasta, jams and sauces and a leading producer in the segment of ketchups, ready meals and vegetable preserves in Poland, (d) a leading manufacturer of instant products in Central and Eastern Europe, (e) a leader on the market of vodka and the largest importer of foreign spirits in Poland.

The Stratulat Albulescu team advising on the Romanian law elements of the deal was led by Partner and Head of Banking & Finance Cristian Vlaicu.

The lead counsel of EIB in the transaction was Norton Rose Fulbright.

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