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PNSA advised Electromontaj on the acquisition of Hidroconstructia and ABC Asigurari Reasigurari

25 November 2022

PNSA advised Electromontaj, the energy construction market leader in Romania, on the acquisition of Hidroconstructia, the largest Romanian company specialized in the field of hydropower and hydrotechnical constructions. The transaction also includes the subsidiaries of Hidroconstructia, namely ABC Asigurari Reasigurari, Hidroturism and Hidroedil.

With a history of more than 70 years, Electromontaj is the energy construction market leader in Romania.

Electromontaj SA, part of the H4L group, is a company specialized in building and maintaining power lines, as well as substations for the power supply.

PNSA provided legal assistance throughout the entire process, covering the advisory in the legal due diligence, the structuring and negotiation of the transaction documentation. The transaction has been cleared by the Competition Council.

PNSA team was led by Partner Bogdan C. Stoica, along with Partner Mihaela Ion, Managing Associate Ioana Cazacu, and Associates Ioana Lazar and Ioana Popovici.

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Popovici Nițu Stoica & Asociații is a leading Romanian independent law firm and has been at the forefront of the market since its incorporation in 1995.

Popovici Nițu Stoica & Asociații groups today more than 70 lawyers and counsels, including 15 partners, largely acknowledged as top-notch commercial law experts, by clients and peers.