Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, is advising Greek-based Motor Oil Renewable Energy Single Member S.A. (MORE), leader in the Eastern Mediterranean energy sector, in the acquisition of two photovoltaic projects in Buzau County, with an installed capacity of 86 MW and an additional power storage capacity of 18 MWh.
Romania’s central bank (BNR) has approved the direct acquisition by Dan Ostahie (90.10%), Altex owner, and Real Estate Srl (9.89) of the 100% stake in the share capital and voting rights of Porsche Bank Romania SA.
Real estate developer One United Properties (BSE:ONE) has announced in a stock market report on Wednesday (June 19) that its subsidiary One United Tower had contracted a bank financing of EUR47 million from lender Banca Transilvania.