19
Tue, Mar
43 New Articles

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

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue