Popovici, Nitu, Stoica & Asociatii has advised Banque Banorient France Romania Branch on a EUR 22 million financing granted to an undisclosed real estate developer.
According to PNSA, the funding is for “refinancing of outstanding banking facilities availed by third party banks and assisting in their working capital needs and reimbursement of shareholders' loans.”
The PNSA team included Partner Alexandru Ambrozie, Managing Associate Alexandra Niculae, and Associate Andra Vieriu.
PNSA did not respond to our inquiry on the matter.
