A&O Shearman has advised EcoPro Global Hungary on USD 860 million financing for an EV battery cathode active material manufacturing factory in Debrecen, Hungary.
EcoPro Global Hungary is a wholly-owned subsidiary of EcoPro BM, a cathode producer. According to A&O Shearman, “this transaction represents the first green loan financing undertaken by EcoPro BM.”
The A&O Shearman team in Budapest included Partner Miklos Kadar, Counsel Karoly Foti, Senior Associate Daniel Racz, and Associates Zsofia Varkonyi and Dorka Szilagyi as well as further team members in Seoul.
A&O Shearman did not respond to our inquiry about the matter.
Editor's Note: After this article was published, CMS announced that it advised HSBC and BNP Paribas on the financing side. The firm's team included Partner Eszter Torok and Junior Associate Marton Lazar.
