PPC Renewables S.A. signed an agreement to acquire 84 MW wind farm in Romania from PJSC LUKOIL (MISX:LKOH) on July 24, 2023. The transaction was realized through a competitive process. PPC Renewables was selected as the preferred bidder. The closing of the transaction is expected in Q4 2023. Kommunalkredit Austria AG acted as an exclusive buy-side advisor to PPC Renewables. Horea Popescu, Mircea Moraru, Catalin Vasile, Ramona Dulamea, Raluca Diaconeasa, Madalina Constantinescu, Alexandru Dumitrescu, and Florentin Giurgea of CMS provided legal counsel to PPC Renewables.

PPC Renewables S.A. completed the acquisition of 84 MW wind farm in Romania from PJSC LUKOIL (MISX:LKOH) on March 26, 2024. Kommunalkredit Austria AG acted as financial advisor and Milbank LLP acted as legal advisor to PPC Renewables S.A.