Reed Smith has advised PPC Renewables subsidiary Phoebe Energy on a EUR 294.4 million financing from the EU, Eurobank, and Piraeus Bank for the construction and operation of a 550-megawatt solar photovoltaic project in Western Macedonia. Karatzas & Partners advised Eurobank and Piraeus Bank.
Dentons and Boyanov & Co Advise on Project Financing for Maglizh Solar Plant in Bulgaria
Dentons and Boyanov & Co have advised UniCredit Bulbank, Raiffeisen Bank International, the United Bulgarian Bank, and Eurobank Bulgaria on the financing for the construction and operation of a 160-megawatt solar plant in Maglizh, in the Stara Zagora region of Bulgaria. Stoeva Tchompalov & Znepolski reportedly advised the borrowers.
CMS, Baker McKenzie, MJH, Wardynski & Partners, and Forton Legal Advise on Zemportic Acquisition of Bruno-Tassi
CMS has advised mBank on the PLN 42 million financing for Zemportic Investments' acquisition of Polska Grupa Bruno-Tassi. Baker McKenzie advised Zemportic Investments. Wardynski & Partners advised a consortium of banks financing Polska Grupa Bruno-Tassi. MJH Moskwa Jarmul Haladyj and Forton Legal advised Bruno-Tassi.
BBH Advises Roier on Acquisition of Nafirmy
BBH has advised the Roier investment crowdfunding start-up on its acquisition of Nafirmy.
Dentons Advises EBRD and Eiffel on EUR 45 Million Loan for PL-Sun Photovoltaic Projects in Poland
Dentons has advised the EBRD and the Eiffel Investment Group on a bridge financing loan of EUR 45 million to support the construction and operation of 16 PL-Sun photovoltaic power plants with a total installed capacity of 114.7 megawatts. Wardynski & Partners reportedly advised PL-Sun.
Banking Legislative and Business Developments in Bulgaria During 2023
Following a long period of political instability, including five snap parliamentary elections in the past couple of years, as of June 2023, Bulgaria has a broad coalition government supported by a large parliamentary majority.
DGKV, Allen & Overy, and RTPR Advise Lion’s Head Investments on EUR 150 Million Financing from IFC
Djingov Gouginski Kyutchukov & Velichkov, Allen & Overy, and RTPR have advised Lion’s Head Investments on a EUR 150 million financing from the International Finance Corporation.