The OPSPI selects Musat & Asociatii for the listing of 15 percent in Transelectrica

Newsroom 22/03/2011 | 15:10

Law firm Musat & Asociatii has been selected by the Office for State Interests and Industrial Privatization (OPSPI) to provide legal advice throughout the process of selecting and contracting the intermediary for the secondary offering for 15 percent of Transelectrica shares, one of the largest transactions to take place this year on the Bucharest Stock Exchange (BSE).

“In the next period we will prepare the task book and we will launch the tender for selecting the brokerage house which will mediate the stake selling on the BSE,” said Miruna Suciu, which will coordinate the Musat & Associates team for this project.

The law firm’s portfolio for the energy sectors include projects, such as the privatization of Electrica Muntenia Sud, Termoelectrica debt restructuring worth EUR 1.2 billion, Enel assisting in the construction of reactors 3 and 4 at Cernavoda, investment estimated at EUR 4 billion.