Musat & Asociatii will render legal assistance to the Ministry of Economy, Trade and Business Environment (MECMA), through the Office of State Ownership and Privatization in Industry (OPSPI) in preparing and implementing the initial public offering for the sale of 10% of the share capital of Hidroelectrica. Musat & Asociatii participated in the tender as part of a consortium composed of BRD Société Générale, Citibank and Intercapital Invest.
“We will be providing legal assistance for the underwriting syndicate throughout the preparation and completion of the listing and public offering of 10% of the share capital of Hidroelectrica, including drafting the legal due diligence report, offer prospectus, documents required for launching the public offering, but we will also address any other legal issues that may arise throughout and during the offering. Musat & Asociatii is currently involved in four out of the five public offerings carried out on the Bucharest Stock Exchange, involving top State-owned utility and transportation companies, included in the Agreement concluded by the Government with the International Monetary Fund (IMF). Being awarded this new mandate confirms Musat & Asociatii’s position of leading firm in the area of capital markets and energy”, said Miruna Suciu, Partner with Musat & Asociatii.
The team assigned for this project comprises 10 attorneys with significant expertise in capital markets, energy and privatization and will be coordinated by Miruna Suciu, Partner with Musat & Asociatii, ranked by international legal publications as one of the leading local market experts on such major projects.
Currently, Musat & Asociatii is providing legal assistance in other high-profile projects developed on the capital market, such as the secondary sale of a 15% stock of Transgaz shares on the Bucharest Stock Exchange and launching the initial public offering for the sale of 20% of Tarom. Furthermore, Musat & Asociatii was involved in the secondary sale of a 15% stock of Transelectrica shares, successfully concluded at the end of March.
The firm is recognized for its constant involvement in key transactions on the capital market, such as the takeover bid conducted by Rompetrol Group for Rompetrol Rafinare, the take-over and delisting of Beer Azuga by SABMiller or assisting Sanofi-Aventis with respect to the take-over bid for Zentiva on the local market.