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PeliPartners Advises Hidroelectrica on UCM Resita Business Line Acquisition

PeliPartners Advises Hidroelectrica on UCM Resita Business Line Acquisition

Romania
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PeliPartners has advised Romanian hydropower company Hidroelectrica on its acquisition of the ABC and Calnicel platform business lines from UCM Resita.

According to the firm, UCM Resita is the oldest industrial unit still in operation in Romania. "The transaction is structured as a business transfer, consisting in the transfer of all the assets dedicated by UCM Resita and necessary to carrying out the lines of business comprising the manufacture and sale of hydro aggregates and ancillary equipment." Closing is expected in the first quarter of 2024, pending regulatory approval.

The PeliPartners team was led by Partner Carmen Peli and included Managing Associate Oana Bucsa, Senior Associate Delia Lepadatu, and Associate Delia Dumitrescu.

Editor's Note: The transaction closed on March 11, 2024. The updated PeliPartners team included Partner Carmen Peli, Managing Associate Oana Bucsa, Senior Associates Delia Dumitrescu and Delia Lepadatu, and Associate Marc Barabas.

Subsequently, Voicu & Asociatii announced it had advised on the sale as part of the consortium of judicial administrators of debtor UCM Resita. The firm's team was led by Partner Mariana Popa.

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.

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