Kambourov & Partners has advised Bulgartransgaz EAD on its acquisition of a 20% stake in Gastrade S.A.
Financial aspects of the acquisition were not disclosed.
Gastrade operates natural gas systems in Greece. It is the developer of the liquid natural gas terminal near Alexandroupolis, in Greece.
Bulgarian national gas transmission operator, Bulgartransgaz, entered the Greek market after a recent agreement was signed between the governments of the two countries. According to Kambourov & Partners, “Bulgartransgaz EAD became a shareholder of the Alexandroupolis LNG terminal which is identified as a project of common interest by the European Commission, and is expected to begin operations in 2022.”
Kambourov & Partners' team included Managing Partner Vladimir Rangeloff, Partners Ivo Alexandrov and Veronika Hadjieva, and Senior Associate Angel Rizov.