Throughout the negotiations, EY Romania’s team provided financial and tax due diligence services, financial and tax support for the sale and purchase agreement and also offered assistance on tax and accounting structuring issues.
The team was coordinated by Liliana Bușoiu, Alina Ararau and Roxana Vesa (financial assistance), Miruna Enache and Camelia Stanciu (tax assistance) and Cristian Vețeanu, CESA (Clean Energy States Alliance) Head of the Energy Strategy and Transactions Department.
Two weeks ago, Enery, present on the energy market in the Czech Republic, Slovakia and Bulgaria, signed an agreement for the acquisition of the portfolio of renewable energy projects held by Jade Power Trust in Romania, for a total price of EUR71 million.
The portfolio has a total capacity of 81 MW and includes the subsidiaries Transeastern Hidroelectrica Del Ucea SPV and Transeastern Rott Energy SPV III, as well as the stakes held in Power LIVE One S.A., Rott Energy S.A., Zagra Hidro S.A., Corabia Solar S.A., Holrom Renewable Energy S.A. and East Wind Farm S.R.L.
“This transaction is part of Enery Group’s strategy of becoming one of the leading renewable energy developers in Central and Eastern Europe”, stated Liliana Busoiu, Head of the Transaction Diligence Department of EY Romania.