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Reff & Associates and Wolf Theiss Advise on Vestas Wind Systems' Sale of Windfarms to Ingka Group

Reff & Associates and Wolf Theiss Advise on Vestas Wind Systems' Sale of Windfarms to Ingka Group

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Reff & Associates — the Romanian arm of Deloitte Legal — has assisted Denmark's Vestas Wind Systems on the sale of 80% of its subsidiaries owning the Pantelimon, Pegasus, and Apollo wind power plants, to IRI Investments, a Romanian subsidiary of the Ingka Group. Wolf Theiss advised the buyers.

The transaction, which was valued at EUR 136 million, closed on October 21, 2019, following the approval of the Romanian Competition Council. 

Vestas Wind Systems designs, manufactures, installs, and services wind turbines across the world and has wind turbines in 80 countries. The company was founded in 1945, and according to Reff & Associates, “as of 2013 it is the largest wind turbine company in the world.” It operates manufacturing plants in Denmark, Germany, India, Italy, Romania, the United Kingdom, Spain, Sweden, Norway, Australia, China, and the United States and employs more than 21,000 people.

The Reff & Associates team included Senior Managing Associate Diana Fejer, Managing Associate Anca Melinte, Senior Associates Ilinca Iliescu and Cristiana Baltag, and Associate Alexandru Ulici.

The Wolf Theiss team was led by Partner Ileana Glodeanu and included Partner Claudia Chiper, Counsel Flaviu Nanu, Senior Associates Mircea Ciocirlea, Adina Aurel, Andreea Zvac, and Ligia Berbecar, and Associates George Ghitu, Andrei Salageanu, Alexandru Roman, Costin Salaru, Alexandru Asaftei, Andreea Anton, and Nina Lazar.

Romanian Knowledge Partner

MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Roman can be found at www.mprpartners.com.

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