The Toma family remains an associate within Next Energy Distribution.
The transaction has been recently cleared by Romania’s Competition Council and is due to be completed soon.
CIS Gaz was founded in 1990 by Sebastian Calugar, in Mures County.
CIS Gaz and Next Energy Distribution operate in the fields of natural gas supply and pipe construction for natural gas transmission as well as related works.
Lawyers of GNP Guia Naghi and Partners have assisted both parties involved in the transaction. GNP Guia Naghi and Partners has provided assistance throughout the transaction, from drafting and negotiating documents to the fulfilment of the suspensive conditions and preparing the completion of the deal. The team consisted of Otilia Vîlcu and Roxana Barica, under the coordination of Manuela Guia (competition-related aspects), and of Adelina Iordache and Bianca Cernitoiu, under the coordination of Bianca Naghi (Corporate M&A).