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Bondoc si Asociatii Advises RetuRO on RON 426 Million Green Financing

Bondoc si Asociatii Advises RetuRO on RON 426 Million Green Financing

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Bondoc si Asociatii has advised RetuRO Sistem Garantie Returnare on a RON 426 million (approximately EUR 85.7 million) green financing from ING Bank N.V. Amsterdam – Bucharest Branch.

RetuRO Sistem Garantie Returnare is the sole administrator of the Romanian deposit-return system. According to Bondoc si Asociatii, the financing will “support its investments in the technical infrastructure necessary for the implementation of the DRS scheme and the related operational activity. The founding members of the representative associations of beverage producers shareholders of RetuRO Sistem Garantie Returnare (Brewers of Romania Association for the Environment and the Association of Soft Drinks Producers for Sustainability) namely Bergenbier (Molson Coors), Coca-Cola HBC, Heineken, Maspex, PepsiCO, United Romanian Breweries Bereprod (Tuborg), Ursus Breweries (Asahi Europe & International), played an important role in securing this financing in their capacity as guarantors.”

RetuRO was established as the sole administrator of the Romanian DRS system back in 2022 (as reported by CEE Legal Matters on August 31, 2022).

Furthermore, according to the firm, “this deal had a strategical importance for all the parties involved, as it supports the development of the largest circular economy project in Romania and contributes to Romania meeting the recovery and recycling targets set out under the EU circular economy package.”

The Bondoc si Asociatii team included Partner Simona Petrisor, Managing Associate Alexandru Achim, and Senior Associate Silviu Vasiliu.

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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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