Rompetrol Rafinare amends $600 million syndicated loan
Rompetrol Rafinare has announced the signing of an amendment to a syndicated loan agreement, with a value of up to $600 million.
Rompetrol Rafinare has announced the signing of an amendment to a syndicated loan agreement, with a value of up to $600 million.
Despite significant market volatility, a new report by law firm CMS reveals that half of European dealmakers anticipate an increase in M&A activity over the next 12 months.
NE Property BV, part of the NEPI Rockcastle Group, has obtained a €190 million sustainability-linked revolving credit facility from a banking consortium in Romania.
Roxana Frățilă, Partner, Head of Real Estate & Construction at CMS, spoke to Property Forum about the key deals closed in the retail market in 2023 and accelerating investment in renewable energy.
The deal is expected to close after obtaining necessary approvals from the relevant regulatory authorities, and of the project permits for construction readiness.
The transaction, which consists of performing consumer loans having a balance of approx. RON 97 million as of 30 April 2024, is expected to close in September 2024.
CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility.
One United Properties announces that CMS Romania, a top law firm and one of its tenants, has decided to extend on a long term its lease contract at One Tower.
Located in Tulcea, the wind farm generates more than 200 GWh of electricity per year.
The Study analyses a record 559 deals throughout 2023, indicating the resilience and adaptability of the European M&A market amidst challenging global conditions.
International law firm CMS has advised The Cicor Group on its acquisition of 100% of the shares of Romanian engineering company, Evolution Medtec SRL.

Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
Almost 60% of companies in Romania plan to expand their use of flexible spaces over the next two years to support hybrid working strategies.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
Endava, the technology-driven business transformation group, and Paysafe, a payments platform, announced a multi-year strategic partnership to bring payments and community engagement solutions to market faster.