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Bondoc & Asociatii Advises Fondul Proprietatea on E.ON Shareholding Disposal

Bondoc & Asociatii Advises Fondul Proprietatea on E.ON Shareholding Disposal

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Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as the Investment Manager of Romanian Fondul Proprietatea, has announced that Fondul Proprietatea has sold its full shareholding in E.ON Distributie Romania S.A. and E.ON Energie Romania S.A. Bondoc & Asociatii advised the seller.

Prior to the sale, Fondul Proprietatea owned 56,749,014 shares in E.ON Distributie Romania S.A. (representing 18.35% of its share capital) and 9,903,524 shares in E.ON Energie Romania S.A. (representing 13.4% of its share capital).

Fondul Proprietatea stated that it, "has undertaken confidentiality obligations customary to such transactions so full details of the deal cannot be disclosed, but ensures its shareholders that the transaction is in line with the objectives set out in the Investment Policy Statement."

Bondoc & Asociatii did not identify its lawyers working on the deal, identify the buyer, or identify external counsel to the buyer. 

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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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