Suciu Popa advises Mazarine Energy Romania
16 August 2017
Suciu Popa assisted Mazarine Energy Romania, an oil and gas production and exploration company backed by the private equity fund Carlyle International Energy Partners, in restructuring and completing the acquisition of 19 onshore oil fields and related assets, lands, workover rigs and associated crews from OMV Petrom SA.
The team involved in the project included Partners Miruna Suciu, Cleopatra Leahu and Dan Ciobanu, along with Managing Associates Crina Ciobanu and Andrei Georgescu.
The complexity of the mandate came from the inherent elements of an asset deal of such a magnitude, which are related to the more formalistic conditions for the transfer of ownership (in this case, hundreds of lands and fixed assets), obtaining the approvals from the regulatory authorities on the transfer and operation of specific assets (such as distribution networks and power generation units), the transfer of environmental permits and compliance with the TUPE regulations for a large number of employees.