PeliPartners assisted the sale of the largest LPG maritime terminal in Romania

PeliPartners assisted the sellers (Bogdan Idu and companies in his group), in the sale of their entire participation in Octogon Gas & Logistics, the company operating the largest LPG maritime terminal in Romania.

The transaction, completed on 4 September 2024, marks a significant milestone for all parties involved. The LPG terminal in the Midia Port, a key asset in the region’s energy infrastructure, has been transferred to Nawaf Salameh Family Office Group, which also holds Alexandrion brand.

“This transaction is a significant achievement, allowing our clients to optimise their asset portfolio, and we are honoured to have played a key role in advising on this complex transaction. Beyond our extensive transactional experience, our team’s expertise in corporate financing and competition law was instrumental in ensuring a smooth and efficient process for all parties involved. It was also a real pleasure to work again with the team of Banca Transilvania, for whom we have a deep appreciation and with whom we have had excellent cooperation every time”, said Carmen Peli, Partner and Head of Corporate M&A at PeliPartners

The contribution of PeliPartners included extensive assistance throughout the entire transactional process, including structuring the transaction, drafting and negotiating the transaction documents, fulfilment of conditions precedent, advice on various matters such as FDI, competition, regulatory, existing loans and assisting the client in the signing and closing processes.

The team of PeliPartners was coordinated by Carmen Peli (Partner), seconded by Delia Dumitrescu (Senior Associate), and included Valentina Bujor (Associate) on the transactional matters, Oana Bucșa (Managing Associate) and Marc Bărăbaș (Associate) on the competition and FDI matters of the transaction.