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CMS Advises Green Source on Refinancing and Sale of Hungarian Photovoltaic Portfolio to Obton

CMS Advises Green Source on Refinancing and Sale of Hungarian Photovoltaic Portfolio to Obton

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CMS has advised Hungarian entities of the Green Source group on the refinancing of a loan and sale of the companies to the Obton group. Dentons reportedly advised K&H Bank.

According to CMS, a loan will be used for the establishment and operation of solar power plants located on 150 Hungarian real estates across the country.

The CMS team included Managing Partner Erika Papp, Partner Peter Simon, Senior Counsel Csongor Tompa, Senior Associate Peter Deak, Associate Kitti Tulner, and Lawyer Zita Gressai.

Editor's Note: After this article was published, CEE Legal Matters learned that Forgo, Damjanovic & Partners advised Obton on its acquisition. The firm's team included Partners Gabor Damjanovic and Zsofia Fuzi and Associates Eszter Bedo and Reka Bali.

Forgo, Damjanovic & Partners at a Glance

Forgó, Damjanovic & Partners Law Firm is a medium-sized, full-service law firm. The firm has an especially strong track record in the fields of M&A and Private Equity transactions, Dispute Resolution and Employment Law.

Clients include foreign corporations, the Hungarian businesses of multinational companies and medium to large Hungarian businesses. The firm is typically instructed in complex transactions and legal disputes, cases of a cross-border nature, those demanding high-quality English language documentation and/or involving clients who require an international level of service.

Forgó, Damjanovic & Partners’ lawyers are business-minded and combine detailed legal analysis with practical legal advice and solutions.

Although the firm serves clients from many sectors of industry, its lawyers have an especially deep understanding and extensive expertise on which to draw in the energy sector. Forgó, Damjanovic & Partners’ track record includes acting for energy companies, private equity investors, financing banks and energy consultancy firms. They offer a full scale of services in the area of energy law, including:

  • advising on green energy projects, including wind, biomass, thermal energy, biogas, solar energy and waste-to-energy projects;
  • advising on power plant projects, including construction, licensing, regulatory, environmental and transactional issues;
  • providing oil and gas regulatory, licensing and transactional advice;
  • advising on mining projects;
  • advising on electricity-related contractual, transactional and regulatory issues.

Firm's website: https://fdlaw.hu/