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CMS and Deloitte Legal Advise on PGE Group's PLN 12 Billion Financing from BGK

Poland
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CMS has advised PGE Polska Grupa Energetyczna on over PLN 12 billion in financing from Bank Gospodarstwa Krajowego under the National Recovery Plan. Deloitte Legal advised BGK.

PGE Group is the largest power production company in Poland. According to CMS, the funds will be allocated to two of PGE Group’s companies for the development and modernization of its power grids: PGE Dystrybucja and PGE Energetyka Kolejowa. PGE will allocate over PLN 9.5 billion to PGE Dystrybucja to boost its ability to integrate renewable energy sources and modernize its power grid. In addition, PGE Energetyka Kolejowa will receive over PLN 2.5 billion to strengthen security, improve energy quality, and expand the connection capacity for renewable energy sources to the distribution network that supplies the Polish railway and its ecosystem. 

The CMS team included Partner Michal Mezykowski, Senior Associate Katarzyna Mazur, and Associate Bartosz Potrykus.

The Deloitte Legal team included Partner Mariusz Banas and Senior Associate Tomasz Pawlowski.

CMS at a Glance

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.

Firm's website.