Bucharest - 26 noiembrie 2013
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Bulboaca & Asociatii advised S.N.G.N Romgaz S.A., the issuer, in the initial public offering by the Ministry of Economy through the Department of Energy of 15% of Romgaz shares, admission to trading on the Bucharest Stock Exchange and the simultaneous listing of global depositary receipts with respect to such shares on the London Stock Exchange.
Romgaz, headquartered in Medias (Transilvania), is the largest natural gas producer and supplier in Romania, and its core business segments are gas exploration and production, gas supply, underground gas storage and electricity production.
This is the largest Romanian IPO to date and the first Romanian privatization to include the issue of global depositary receipts to be traded on the London Stock Exchange, an important and historic moment for both the Romanian State and Romgaz. By means of this IPO, Romania raised almost RON 1.7 billion (€390 million).
The legal consortium to advise Romgaz on the deal was formed by Bulboaca & Asociatii SCA, Hogan Lovells LLP and Hogan Lovells International LLP. Bulboaca & Asociatii acted as issuer’s counsel with respect to matters of Romanian law, and Hogan Lovells acted as issuer’s counsel with respect to matters of English and US law.
Bulboaca & Asociatii team comprised Managing Partner Adrian-Catalin Bulboaca, Capital Markets Partner Razvan Stoicescu, Corporate Senior Associate Voichita Lefter and Associates George Chiocaru and Cristina Man. The project also benefited from the dedication and support of other partners, associates and supporting staff of the firm who have been involved in various phases throughout the process until completion.
Hogan Lovells’ team was coordinated by Partner Sina Hekmat.
IPO related information:
JOINT GLOBAL COORDINATORS AND JOINT BOOKRUNNERS: Erste Group Bank AG and Goldman Sachs International
DOMESTIC LEAD MANAGERS: Banca Comerciala Romana S.A. and SSIF Raiffeisen Capital & Investment S.A.
LEGAL ADVISERS TO THE MANAGERS AND TO THE DEPOSITARY: As to US and English Law - Clifford Chance LLP and as to Romanian Law - Clifford Chance Badea SCA
About Bulboaca & Asociatii SCA
Bulboaca & Asociatii is a Romanian law firm providing high quality legal and tax services at international standards to national and international corporations, financial institutions, Romanian entrepreneurs and private equity funds, in all fields of law.
Through its services, Bulboaca & Asociatii has become one of the most powerful brands on the local legal market.
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http://www.bulboaca.com/
Cuvinte cheie:
Bulboaca & Asociatii advises Romgaz listing