Radu si Asociatii SPRL provided legal assistance to S.N. Nuclearelectrica S.A., the only nuclear energy producer in Romania, with respect to the project concerning the taking over of the uranium oxide processing line from Compania Nationala a Uraniului S.A., Feldioara Branch.
The strategic decision to acquire a part of the Feldioara assets necessary for the processing of the raw material took into account the need for integrated production capacities at the level of S.N. Nuclearelectrica S.A. and, equally, ensuring the production of fuel bundles and the optimal operation of FCN Pitesti and CNE Cernavoda, in the context of expanding the capacity of the nuclear power plant, and maintaining the nuclear fuel cycle at national level, at an advantageous transaction cost.
The Radu si Asociatii SPRL team, coordinated by Andrei Stefanovici (Director), consisted of Alexandra Constantin (Senior Associate, Regulatory) and Irina Bica (Senior Associate, Corporate and Real Estate). Anca Atanasiu (Managing Associate) and Ana Flueran (Senior Associate) managed the labor and intellectual property law aspects of the transaction.
The legal assistance provided consisted in conducting a legal due diligence analysis regarding the Feldioara Branch of Compania Nationala a Uraniului S.A. and the assets that were the subject of the sale as well as in the support provided to S.N. Nuclearelectrica S.A. regarding the drafting and negotiation of the sale-purchase contract and the transaction documents.
Cosmin Ghita, General Manager of S.N. Nuclearelectrica S.A., stated: “I am very pleased with our collaboration with Radu si Asociatii SPRL team. They have made an important contribution to this transaction and I would like to thank them for their support throughout the process."
"We are glad that we have been able to assist Nuclearelectrica during the first stage of this transaction and we are confident that we can also be reliable partners during the stages necessary to complete the project," said Andrei Stefanovici, Director, Radu si Asociatii SPRL.
The transaction is subject to the approval of the competent authorities and the fulfillment of the conditions to closing agreed upon by the parties.
About Radu si Asociatii SPRL
Radu si Asociatii SPRL is a Romanian full-service law firm, offering both legal advisory services and assistance before the courts of law, with a significant tax policy and controversy (TPC) practice.
Radu si Asociatii SPRL is a member firm of Ernst & Young Global Ltd and part of the expanding EY Law global network, which has more than 2,400 lawyers and offices in over 90 jurisdictions.
Our expertise has been recognized by the market and international firm directories. Chambers Global 2019 has recognized our Corporate/M&A practice while Chambers Europe 2019 and 2020 have placed our Tax Policy and Controversy practice on Band 1. The Legal 500 Europe, Middle East and Africa 2019 and 2020 have also ranked our Commercial, Corporate/M&A practice, while the 2020 edition placed our Tax Policy and Controversy practice on Tier 1.
For details about our law firm please access www.ra-law.ro.