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June 29, 2022

Dentons advises Romgaz on €325 million financing for the acquisition of EMEPRL

Dentons, the world’s largest law firm, assisted Romgaz in contracting a €325 million loan facility to partially finance its acquisition of shares in ExxonMobil Exploration and Production Romania Limited (EMEPRL).

Raiffeisen Bank granted the financing. EMEPRL holds 50 percent of the rights and obligations related to the Neptun Deep perimeter. This transaction will allow Romgaz to achieve the objectives in its development strategy for the period 2021-2030.

Partner Simona Marin (photo), Head of Dentons’ Banking and Finance team in Bucharest, assisted by Maria Tomescu (counsel) and Sandra Constantin (senior associate), coordinated the financing transaction from structuring to closing.

Simona Marin commented: “This is one of the most important financing transactions on the Romanian energy market in 2022 and we are happy to showcase the strengths of Dentons’ Bucharest office in bringing together a multi-competency team with strong experience in energy and acquisition finance. This is another opportunity for us to extend our commitment to support a greener economy and to help our clients in implementing sustainable strategies.”

Claudiu Munteanu-Jipescu, Head of the Dentons’ Energy team in Bucharest added: “Dentons takes pride in supporting clients in developing projects that are crucial to the green energy transition towards a low-emission economy in Romania.

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