RTPR advises ENGIE Group on Flashnet sale

RTPR has assisted ENGIE Group in relation to the sale of its entire participation in Flashnet S.A. to Lucy Group Ltd. The transaction also involved the sale of minority shareholding stakes by the other two minority shareholders, who remained in the business. Flashnet S.A. is a company that integrates the latest IT, energy and telecommunications technologies into hardware and software solutions, creating and implementing intelligent systems for urban infrastructure.

My appreciation to RTPR team for an excellent collaboration on this project. Their forward thinking, business-oriented approach and the ability to adapt to unforeseen situations were key elements to take the deal to a successful closing”, said Marius Berariu, Head of Corporate, Competition and Legal Assistance for Strategic Projects at ENGIE.

RTPR team of lawyers that provided advice in relation to all aspects of this deal was made of Mihai Ristici (Partner), Vlad Druta (Senior Associate), Marina Fecheta-Giurgica (Managing Associate) and Flavia Mincu (Junior Associate). Valentin Berea and Roxana Ionescu (Partners) advised on competition aspects of the transaction.

On behalf of the RTPR team I would like to congratulate ENGIE for the success of this transaction. We are honoured to add a new successful deal to our portfolio of M&A mandates. We are proud of our very experienced team that is constantly involved in the most complex mergers and acquisitions in Romania.”, declared Mihai Ristici, Partner RTPR.

We are happy that we had the opportunity to contribute to the successful signing of this deal. We would like to thank our client for their trust and the exceptional collaboration. We made an excellent team with ENGIE for this project and together we found the best solutions”, said Vlad Druta, Senior Associate at RTPR.

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