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PNSA Advises Electromontaj on Acquisition of Hidroconstructia and Subsidiaries

PNSA Advises Electromontaj on Acquisition of Hidroconstructia and Subsidiaries

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Popovici Nitu Stoica & Asociatii has advised Electromontaj on the acquisition of Hidroconstructia and its ABC Asigurari Reasigurari, Hidroturism, and Hidroedil subsidiaries.

Electromontaj, part of the H4L group, is a Romanian energy construction company. It specializes in building and maintaining power lines as well as substations for the power supply grid.

Hidroconstructia is a Romanian company specializing in the field of hydropower and hydro-technical constructions. The company has constructed hydropower stations in Romania, Algeria, Germany, and Iran for a total of 6,411 megawatts. According to the company's website, Hidroconstructia entered insolvency proceedings on January 19, 2022.

ABC Asigurari Reasigurari is an insurance company. Hidroturism provides accommodation and related services in the Danube Delta. Hidroedil is an engineering and technical consultancy company.

PNSA’s team included Partners Bogdan Stoica and Mihaela Ion, Managing Associate Ioana Cazacu, and Associates Ioana Lazar and Ioana Popovici.

PNSA did not respond to our inquiry on the matter.

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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). 

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