Serbia

a. EBRD Financing of Vektroelektrane – Cibuk Windfarm

The Maric i Mujezinovc law office in cooperation with Kinstellar and Shearman & Sterling advised Vetroelektrane Balkana on the EUR 215 million financing provided by the EBRD and the IFC for the largest wind farm project in Serbia. Karanovic & Nikolic and Norton Rose Fulbright advised the EBRD and IFC.

Deal parties (advisors)

  • Lender: EBRD & IFC (Karanovic & Nikolic; Norton Rose Fulbright)
  • Borrower: Vetroelektrane Balkana (Maric i Mujezinovc law office in cooperation with Kinstellar; Shearman & Sterling)

 

b. Project Financing for the Kovacica Wind Power Plant

BDK Advokati and Dentons advised Enlight Renewable Energy, as the sponsor, and Electrawinds K-Wind, as the borrower, on the EUR 142 million project financing of Serbia's 104.5 MW Kovacica Wind Farm. Norton Rose Fulbright and Harrison’s advised lenders Erste Group Bank AG, Erste Bank Serbia, and the EBRD on what one of the firms involved describes as "Serbia’s first large-scale energy project financing transaction to have successfully reached financial close.”

Deal parties (advisors)

  • Sponsor: Enlight Renewable Energies and Borrower: Electrawinds K-Wind (BDK Advokati; Dentons)
  • Lenders:  Erste Group Bank AG, Erste Bank Serbia, and the EBRD (Norton Rose Fulbright; Harrisons)

 

c. National Bank of Greece Sale of Vojvodjanska Banka to OTP

Karanovic & Nikolic and Weil, Gotshal & Manges advised OTP Banka Srbija A.D. Novi Sad on its EUR 125 million acquisition of Vojvodanska Banka a.d., NBG Leasing d.o.o., and a portfolio of Serbian-risk corporate loans from the National Bank of Greece, which was advised by Bojovic & Partners and Freshfields Bruckhaus Deringer.

Deal parties (advisors)

  • Seller: NBG (Bojovic & Partners; Freshfields Bruckhaus Deringer)
  • Buyer: OTP Banka Srbija (Karanovic & Nikolic; Weil, Gotshal & Manges)
Eventbrite button code: