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TZA and Turcan Cazac Advise Eurotransgaz on Acquisition of Privatized Vestmoldtransgaz

TZA and Turcan Cazac Advise Eurotransgaz on Acquisition of Privatized Vestmoldtransgaz

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Tuca Zbarcea & Asociatii and Turcan Cazac have advised Eurotransgaz SRL, a company established by Transgaz in Chisinau, on the full acquisition of S.E. Vestmoldtransgaz, a company that manages the Moldovan side of the Iasi-Ungheni gas transmission pipeline, from the Public Property Agency of the Republic of Moldova.

According to Transgaz, “the event marks the end of a stage in the privatization process of S.E. Vestmoldtransgaz through an investment contest and outlines one of the most significant transactions recently made by the Government of the Republic of Moldova, for a purchase price of 180,200,000 Moldovan leu and an investment plan of up to EUR 93 million over the next two years.”

S.E. Vestmoldtransgaz’s privatization contract was signed on March 28, 2018 in Chisinau in the presence of Romanian Economy Minister Danut Andrusca and his counterpart in Moldova, Chiril Gaburici.

The Tuca Zbarcea & Asociatii team in Romania consisted of Partner Sorin Vladescu and Senior Associate Nisa Jecu.

The Turcan Cazac team in Moldova was led by Partner Octavian Cazac and included Associates Vadim Taigorba and Ana Galus.

 

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