Bucharest, 15 December 2014 – Mușat & Asociații received public recognition for the legal assistance provided in relation to the initial public offering (IPO) for the sale of Electrica SA shares, successfully closed in July 2014. The listing consisted of admission of shares for trading on the Bucharest Stock Exchange and of global depository receipts (GDR) on the London Stock Exchange, and brought in record underwriting amounting to approximately EUR 440 million.
The distinction was granted by the Brokers’ Association during the Capital Market Awards Gala, which took place in the presence of over 250 officials – top managers of the listed companies, Bucharest Stock Exchange, the Central Depository, investment funds, underwriters, as well as public officials and capital markets: investment advisors, brokers, and attorneys.
“Electrica’s IPO represents a landmark project both for the Bucharest Stock Exchange and for Musat & Asociatii, since we had the opportunity to contribute to this successful project. Throughout more than 11 months in which we have consistently worked on preparing this complex listing, we took part in extended discussions and negotiations with all the stakeholders, while keeping a permanent focus on the capital market legal framework”, said Miruna Suciu, Partner with Muşat & Asociaţii.
25 expert lawyers worked for one of the largest and most challenging listings undertaken in Romania so far, being supervised by Miruna Suciu, Partner with Muşat & Asociaţii, a notable attorney, relying on more than 15 years’ expertise in Privatizations, Capital Markets and Energy. Muşat & Asociaţii provided legal advice to the underwriting syndicate selected by Electrica SA, also comprising Raiffeisen Capital & Investment, BRD, Société Générale, Citigroup and Swiss Capital, the firm being involved in all steps of the listing process, from drafting the legal due-diligence report, the prospectus and the documents necessary to launch the IPO, to settling all legal matters up to and during the offering, with a view to identifying the best solutions leading to the successful closing of the project.
Muşat & Asociaţii’s expertise in Capital Markets is also recommended by high-profile international legal publishers – Legal 500, IFLR 1000 and Chambers Europe – which place our law firm and attorneys at the top of their rankings.