Musat & Asociatii has advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four SRL to Polenergia.
Polenergia describes itself as the largest private energy group in the Polish market.
According to Musat & Asociatii, "Polenergia has thus exercised its option to buy the remaining shares in NX4, provided for in the conditional agreement signed about a year ago, when it acquired 60% of the company, thus becoming the sole shareholder of NX4." (as reported by CEE Legal Matters on October 16, 2023)
Moreover, the firm reports that "currently, Naxxar through NX4 is developing in Romania one of the largest onshore wind farm projects in the region, with an estimated capacity of approximately 685.6 megawatts, located in Tulcea County.
The Musat & Asociatii team included Partners Andrei Ormenean and Iuliana Iacob, Managing Associate Cristian Cepesi, and Senior Associates Daphne-Sirin Stan and Cristina Solcan.
Musat & Asociatii did not respond to our inquiry on the matter.
