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GNZ Legal Advises Modus Asset Management on Ten-Year PPA with Zabka Polska

GNZ Legal Advises Modus Asset Management on Ten-Year PPA with Zabka Polska

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GNZ Legal Gorzelnik Nentwig Ziebinski has advised Modus Asset Management on its ten-year virtual power purchase agreement to supply 50 gigawatt-hours of solar energy per year to off-taker Zabka Polska. CMS reportedly advised Zabka Polska.

Modus Asset Management is a licensed fund management company, operating under the supervision of the Bank of Lithuania. The company focuses on renewable energy investments.

Zabka Polska, part of CVC Capital Partners, is a convenience store chain in Poland. It operates around 9,000 stores across the country.

Back in 2021, GNZ Legal had also advised Modus Asset Management on the refinancing of its Polish photovoltaic portfolio (as reported by CEE Legal Matters on December 20, 2021).

The GNZ Legal team was led by Partner Andrzej Nentwig.

Editor's Note: After this article was published, CMS confirmed it had advised Zabka Polska on its long-term VPPA with companies managed by Modus Asset Management. The firm's team was led by Partners Michal Andruszkiewicz and Lukasz Szatkowski and included Senior Associates Adam Kedziora and Kacper Stanosz.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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