RTPR has assisted OX2 in relation to the sale of a 96 MW onshore wind project located in Galati County. The Ansthall wind farm holds a 12-year virtual power purchase agreement (vPPA) with Ahold Delhaize, a leading international retailer, covering more than 50% of the wind farm’s electricity output.

OX2 is a leading renewable developer, having a portfolio which includes various technologies, such as onshore and offshore wind, solar, energy storage, as well as hydrogen projects.

The RTPR team of lawyers involved in this project was coordinated by Vlad Stamatescu (Counsel) under the supervision of Mihai Ristici (Partner) and further included George Capota (Associate), Andrei Tosa (Managing Associate), Bianca Cojocaru, David Mirea, Luka Perovic, Alexandra Grieb and Irina Ratiu (Junior Associates). Bogdan Cordos (Partner) assisted on the regulatory and vPPA streams, while Ianita Tui (Counsel) assisted on real estate matters. Roxana Ionescu (Partner) and Serban Halmagean (Associate) advised on competition and FDI aspects of the deal.

“We are delighted to close a new major transaction with OX2, a second fruitful collaboration in the same successful formula for a complex, multidisciplinary mandate in such a dynamic sector as renewable energy. Congratulations to Andreea Mladin and Lacramioara Diaconu-Pintea, who coordinated the OX2 transaction team. It was a privilege to work together. At the same time, I would like to thank our colleagues from A&O Shearman, Kamil Jankielewicz, Antoni Roszkowski and Farah El Yacoubiwith whom we have once again made an excellent team, but also all my colleagues from RTPR. The EY team led by Kinga Charpentier acted as financial advisor to OX2”, said Vlad Stamatescu, Counsel at RTPR.

In 2024, RTPR assisted OX2 in another sell side mandate, in a transaction worth EUR 214 million, for a 99.2 MW onshore wind project located in the Eastern part of Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.

The impressive experience of RTPR’s team in corporate/M&A deals and its client portfolio recommend the law firm as the first choice for transactions in Romania. The most reputed international legal directories Legal 500, Chambers & Partners and IFLR1000 rank RTPR’s Corporate/M&A practice in first tier in the annual rankings for the law firms in Romania, and several of the team’s lawyers are recommended as Leading Lawyers or Rising Stars in individual rankings.

Selected corporate/M&A deals in which RTPR have recently advised are set out below:

  • MidEuropa on the sale of Cargus to courier company SAMEDAY, part of the eMAG group
  • MidEuropa on the sale of Regina Maria Group to Mehiläinen in the largest ever healthcare services transaction in Central Europe
  • MidEuropa Partners on the EUR1.3bn sale of Profi, in the largest transaction in the retail sector ever concluded in Romania
  • ROCA Investments on the sale of its shareholding stake in Artesana, the well-known local producer of premium natural artisanal dairy products
  • Tensa Art Design, and its shareholders Daniel Craciun, Florin Nita and ATM Ventures, part of Autonom group, in relation to attracting investment from OH Holding Limited
  • Integral Capital Group on the acquisition of a majority stake in Embryos, a leading fertility and gynaecology clinic in Romania, specialised in assisted reproduction technology, offering an integrated suite of fertility treatments, including IVF
  • Abris Capital Partners on the sale of Pehart Grup, one of the largest paper producers in South-Eastern Europe, to INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States
  • Oresa and the entrepreneur Cristian Amza on the sale of the entire stake in the La Fantana group to the strategic investor Axel Johnson
  • Wolt, a Finnish local commerce company, on the acquisition of the fast delivery platform Tazz, part of eMAG Group
  • Evryo Group, owned by funds managed by Macquarie Asset Management, on the sale of its renewable energy portfolio to PPC Group