UPDATE: Salans advises Lufkin on state aid incentives

Newsroom 15/07/2010 | 21:17

Law firm Salans has advised Lufkin Industries Inc. on state aid incentives worth EUR 28.1 million for developing a greenfield manufacturing plant in Ploiesti worth USD 126 million. The plant will produce and service pumping units for oil extraction.

“We are happy to have assisted Lufkin take this important step in Romania, particularly as this is going to be the company’s first facility in Eastern Europe. This will send a positive signal to the market and we truly hope the project will trigger other investments in the area”, said Christopher Berlew, managing partner with Salans Bucharest, who oversaw the transaction.

Salans’ team of advisors included Nicoleta Mihalache, Cosmin Bonea and Amalia Lincaru.

Earlier this year the law firm has also advised Lufkin on acquiring a 33-hectare plot for the company’s planned manufacturing plant. The real estate team was made up of Laura Tiuca, managing counsel and co-head of Salans Bucharest’s real estate team, associate Raluca Radu and counsel Stewart Middleman, and was overseen by Christopher Berlew.

 Simona Bazavan

BR Magazine | Latest Issue

Download PDF: Business Review Magazine November 2023 Issue

The November 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mastercard On a Mission to Build an Inclusive Digital Economy”. To
Newsroom | 27/11/2023 | 17:41
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue