Kinstellar has advised the Hungarian Power Exchange and the Hungarian transmission system operator on the Project Bluesky transaction which saw HUPX join the regional Adex power exchange. Lukman Odvetniska Druzba reportedly advised Adex's Slovenian shareholder, ELES. Isailovic & Partners reportedly advised EMS, the Serbian shareholder of Adex.
The transaction remains contingent on regulatory approval.
Adex is a regional power exchange serving Central and South-Eastern Europe. According to Kinstellar, "with this transaction, HUPX becomes the third fully-owned subsidiary of the Adex Group."
The Kinstellar team included Partners Gabor Gelencser and Peter Voros, Managing Associate Peter Gullai, Senior Associate Aron Barta, and Associate Orsolya Staniszewski.
