Clifford Chance

Clifford Chance Badea advised Premier Energy in relation to the RON 700 million listing on the Bucharest Stock Exchange

A multi-jurisdictional team of Clifford Chance lawyers from Bucharest, Frankfurt, and London, coordinated by Madalina Rachieru-Postolache, Clifford Chance Partner, has advised Premier Energy, one of the largest renewable energy players in Romania and the Republic of Moldova, in relation to the Initial Public Offering and listing on the Bucharest Stock Exchange amounting to approximately RON 700 million.

The Clifford Chance lawyers have provided advice throughout the entire transaction, starting with the preparation of the issuer for listing, the drafting of the prospectus in English and Romanian, carrying out the due diligence process, negotiating contractual documentation to international standards, communication with the institutions involved (ASF, BSE, Depozitarul Central), reviewing various presentations for investors and analysts, as well as advising the issuer and the majority shareholder throughout the entire process.

Premier Energy's listing adds to an impressive portfolio of projects that Clifford Chance Badea has successfully advised over the past 10 years in the Energy industry – from the Romgaz IPO in 2013 (the first dual listing in Romania, on the Bucharest and London Stock Exchanges, which also included the first issue of Global Depository Receipts), the dual listing of Electrica in 2014, and the listing of OMV Petrom on the London Stock Exchange in 2016, to OMV Petrom's share capital increase in 2022, Hidroelectrica's historic listing in Bucharest, and the delisting of OMV Petrom's Global Depositary Receipts from London, in 2023.