Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised OTP Group members OTP Bank Plc Hungary and OTP Bank Serbia on project financing for Pannonia Bio. Karanovic and Partners advised Pannonia Bio.
According to Schoenherr, “the financing will be used by three special-purpose vehicles that acted as borrowers to develop six biogas power plants in Serbia. The project's sponsor, Pannonia Bio, is among the largest biorefinery operators in Europe.”
According to the firm, “biogas power plants utilize a wide variety of feedstock, such as agricultural residues and biogenic waste, to produce biogas. This biogas is then efficiently converted into heat and electricity, enabling the plants to contribute to waste reduction and generate clean, renewable energy.”
The Schoenherr team included Partners Jelena Arsic and Milos Lakovic, Attorney at Law Aleksandra Petrovic, and Associate Marko Kostic.
Karanovic & Partners' team included Partners Maja Jovancevic Setka and Petar Mitrovic, Senior Associates Tijana Arsenijevic and Katarina Tomic, and Associates Jelena Tripkovic and Dimitrije Ilic.