Electrica SA has signed with Monsson a contract for the sale and purchase of shares in a project company that is developing a photovoltaic park with an installed capacity of 77.5 MW of renewable energy.

The transaction concerns the full acquisition of the project company - Foton Power Energy S.R.L., wholly owned by the seller, which is developing the “Bihor 1” photovoltaic project, located in the vicinity of Oradea.

The total estimated purchase price is 4,262,500 euros, and the final price will be determined by adjusting the total estimated price according to the authorized production capacity, based on a contractually established calculation formula.

In this transaction, the Electrica Group was assisted by the law firm Țuca, Zbârcea & Asociații with a team consisting mainly of Sorin Vlădescu (Partner), Nisa Jecu (Managing Associate) and Raluca Mișu (Managing Associate) and Ernst & Young, while Monsson was assisted by the Berechet Rusu Hiriț law firm.