BSP Energy Exchange Merger with HUPX and SEEPEX Unites Regional Power Forces
Deal News | Dec 20, 2024 | CEE Legal Matters
In a groundbreaking move within the Central European energy markets, BSP Energy Exchange, HUPX Hungarian Power Exchange, and SEEPEX have merged under the ownership of ADEX. This strategic integration aims to improve the customer experience, sustain stable operations, and support the region's transition towards renewable energy. Legal advisors from Szabo Kelemen & Partners Andersen Attorneys, Kinstellar, ODI Law, and Isailovic & Partners played instrumental roles in facilitating this merger. Kinstellar had previously advised on the Project Bluesky transaction, linking HUPX to the regional ADEX power exchange, setting the stage for this comprehensive consolidation. The integration is expected to enhance the operational capabilities and market offerings of the combined entities, thus strengthening the regional power exchange market.
Sectors
- Energy Market
- Legal Advisory
Geography
- Central Europe – The merger involves energy exchanges in Hungary and other parts of Central Europe, impacting the regional energy market.
- Hungary – HUPX, one of the key players in the merger, is based in Hungary, indicating the country's central role in this transaction.
Industry
- Energy Market – The merger involves major regional power exchanges, indicating a substantial development in the energy sector.
- Legal Advisory – Multiple law firms were involved in advising the merger process, highlighting the critical role of legal services in such transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BSP Energy Exchange | Target Company | Company | A key regional energy exchange involved in the merger. |
| HUPX Hungarian Power Exchange | Target Company | Company | The Hungarian power exchange, which is merging with BSP Energy Exchange and SEEPEX. |
| SEEPEX | Target Company | Company | A regional power exchange now under the ownership of ADEX following the merger. |
| ADEX | Buying Company | Company | The sole owner of BSP, HUPX, and SEEPEX, focusing on integrating these exchanges. |
| Szabo Kelemen & Partners Andersen Attorneys | Legal Advisor | Company | Provided legal support and advisory services for the merger. |
| Kinstellar | Legal Advisor | Company | Advised on the Project Bluesky transaction and the merger. |
| ODI Law | Legal Advisor | Company | Participated in providing legal services for the merger. |
| Isailovic & Partners | Legal Advisor | Company | One of the law firms involved in advising on the merger. |
| Noemi Ujjady | Head of Legal and Compliance | Person | Head of Legal and Compliance at HUPX/CEEGEX/HUDEX, commented on the significance of the merger. |