Romania

Glad and thankful to PPC for retaining our support in the merger of all its Romanian renewables companies. The merger will bring all renewables operations in Romania under the umbrella of PPC Renewables Romania. All companies are controlled by PPC Public Power Corporation Romania, a PPC group company. The PNSA core team was composed of Florian Nițu (Managing Partner), Silviu Stoica (Partner) and Managing Associates Ana-Maria Popa and Ela Marin. Senior Associate Mihaela Jarca, as well as Associates Cristina Anderco, Ruxandra Pasarica, and Zahra Ammar also contributed to the team. Thankful also to PPC legal team led by Alina Dumitrașcu, PhD (Director of Legal and Corporate Affairs) for the continuing trust, as well as to our colleagues from Suciu Partners.

VINCI Energies, a global leader in energy solutions and information technology, signed on July 16, 2025, an agreement to acquire, subject to regulatory approvals, the EnergoBit Group, one of the leading energy solutions providers in Romania. This transaction is part of VINCI Energies' broader expansion strategy in Central and Eastern Europe and reinforces the company’s commitment to the regional energy transition. Leroy și Asociații provided legal assistance to VINCI Energies on all aspects of the transaction through a multidisciplinary team coordinated by Bruno Leroy – Partner and Andreea Toma – Partner, also including Ruxandra Manciu – Senior Associate, Cristian Bumbac – Senior Associate, and Mihnea Rațiu – Senior Associate. “We are honored to have supported our client, VINCI Energies, in a landmark transaction for Romania’s energy solutions sector. This acquisition highlights both the solid potential of the local market and the confidence international investors place in its continued development,” said Bruno Leroy, Founding Partner, Leroy și Asociații. “We relied on Leroy și Asociații’s expertise throughout the entire transaction and appreciated the consistency and thoroughness with which the legal aspects were handled. Our long-standing collaboration has always been carried out in a professional manner,” stated Eric Devigne, Managing Director, VINCI Energies Central and Eastern Europe. D&B David și Baias provided legal assistance to the founders of EnergoBit through a team coordinated by Sorin David, Managing Partner, that included Cristina Păduraru – Partner, Lucian Bozian – Partner, Alice Spridon – Senior Managing Associate, and Andreea Toncu – Senior Associate. About Leroy și Asociații With over 25 years of experience in business law, Leroy și Asociații is an independent law firm providing high-quality legal services to a wide range of clients – from multinational companies, international institutions, and private equity funds to local entrepreneurs. Over the years, the firm has been involved in some of the most important mergers and acquisitions in Romania, including in highly regulated sectors.

July 2025 Popovici Nițu Stoica & Asociații (PNSA) has advised Ameropa Group, together with Hogan Lovells, on the full refinancing of the existing credit facilities of the Group. The new credit facility is in amount of up to USD 1,350,000,000. The syndicate of banks includes Coöperatieve Rabobank U.A., Raiffeisen Bank International AG and UniCredit Bank GmbH. The loan is provided in the form of a two long-term revolving facilities, contracted for the refinancing of the existing credit facilities already contracted by Ameropa Group, as well as for general corporate purposes. PNSA team that managed the legal aspects of this project was led by Partner Bogdan C. Stoica, with the contribution of Ioana Lazăr (Senior Associate) and Crina Stan (Associate). Ameropa is a Swiss-based agri-business group founded in 1948 with world-wide activities that span the full supply chain, ranging from production, to logistics and merchandising, to distribution. A core activity of the group is the global merchandising and distribution of fertilizer and food & feed products, supported and enabled by complementary assets, such as silos, warehouses and port facilities, as well as upstream assets such as fertilizer production plants. Active in more than 30 countries, the group is the largest exporter of grains out of the Danube region and the largest independent global fertilizer trader, which selectively invests in logistical and processing assets.

As of July 7th, Stratulat Albulescu Attorneys at Law powers up its Energy Group with new Special Counsel Dr. Luiza Ionescu and Industry Expert Andreea Paraschiv. Managing Partner Silviu Stratulat commented: “We are delighted to welcome Luiza and Andreea to our professional family. As the energy sector continues to evolve and expand, their deep industry insight and multidisciplinary experience position us to better support our clients in navigating emerging opportunities and regulatory complexities. Their addition reflects our commitment to staying at the forefront of this dynamic and fast-growing field.” With more than 10 years of experience, Dr. Luiza Ionescu (Special Counsel) brings extensive knowledge in complex energy projects, both conventional and renewable. She has advised local and international clients on a wide range of matters, including regulatory compliance, project development, acquisitions, transactions, and disputes. Her broad perspective allows her to navigate the legal and strategic dimensions of the energy sector with efficiency and clarity. Prior to joining our firm, Luiza gained valuable experience at leading Romanian law firms and in the legal departments of major energy companies, including Enel and BayWa, where she served as Legal Manager and Executive Officer. She combines strong legal skills with a strategic business perspective, supported by a GEFS (Green Energy Finance Specialist) certification from RENAC. In addition to her energy law expertise, she also advised on emerging areas such as digital markets and artificial intelligence (AI) regulation. We are especially pleased to welcome her back, as she started her legal journey at SAA. In recent years, alongside her professional achievements, Luiza has remained actively engaged in the academic field, earning a PhD in Civil and Comparative Law from the University of Bucharest in 2023. Andreea Paraschiv (Industry Expert) is a distinguished specialist with multidisciplinary background, combining expertise in law, finance, and business analytics. She specializes in transforming complex technical and commercial data into clear strategic recommendations, supporting impactful decision-making in the rapidly evolving energy markets. She has strong skills in strategic consulting, project management, financial structuring, risk management, and regulatory compliance. A graduate of the University of Exeter, UK, Andreea holds an LLB with a focus on the intersection of technology and law, as well as a master’s degree in Business Analytics. Prior to joining our firm, she worked alongside Luiza at BayWa in dual roles as Project Manager and Financial Analyst. For any other information on this, please feel free to contact Delia Bijnea (Head of Marketing and Communications) at [email protected].