Romanian Commodities Exchange Acquires Majority Stake in Bulgarian Energy Platform
Deal News | Mar 13, 2025 | CEE Legal Matters
CMS has assisted the Romanian Commodities Exchange in acquiring a 75% stake in Bulgaria's second gas exchange, the Bulgarian Energy Trading Platform, marking a significant move in the energy trading markets of Eastern Europe. The CMS legal team involved in this transaction was led by Partner Atanas Bangachev, and consisted of Senior Associates Denitsa Dudevska, Alexander Rangelov, and Katya Todorova, along with Associates Nikola Naydenov and Nadya Chukova. This acquisition enhances the Romanian Commodities Exchange's presence in the Balkan energy markets and represents a strategic investment in the region's energy infrastructure.
Sectors
- Energy Trading
- Legal Advisory
Geography
- Romania – The Romanian Commodities Exchange, the acquiring company, is based in Romania.
- Bulgaria – The target company, Bulgarian Energy Trading Platform, operates in Bulgaria, marking the geographical focus of the acquisition.
Industry
- Energy Trading – The article focuses on the acquisition of a majority stake in the Bulgarian Energy Trading Platform, which is an important player in the energy trading sector.
- Legal Advisory – CMS, a legal advisory firm, played a critical role in assisting with the transaction, highlighting the importance of legal services in M&A deals.
Financials
- 75% – The percentage stake acquired by the Romanian Commodities Exchange in the Bulgarian Energy Trading Platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Romanian Commodities Exchange | Acquirer | Company | The Romanian Commodities Exchange is the company acquiring a majority stake in the Bulgarian Energy Trading Platform. |
| Bulgarian Energy Trading Platform | Target | Company | The company being acquired is Bulgaria’s second gas exchange market and the first privately owned. |
| CMS | Legal Advisor | Company | CMS is the law firm that advised the Romanian Commodities Exchange on the acquisition. |
| Atanas Bangachev | Legal Advisor | Person | Partner at CMS, leading the legal team on the transaction. |
| Denitsa Dudevska | Legal Advisor | Person | Senior Associate at CMS, part of the legal team advising on the transaction. |
| Alexander Rangelov | Legal Advisor | Person | Senior Associate at CMS, part of the legal team advising on the transaction. |
| Katya Todorova | Legal Advisor | Person | Senior Associate at CMS, part of the legal team advising on the transaction. |
| Nikola Naydenov | Legal Advisor | Person | Associate at CMS, part of the legal team advising on the transaction. |
| Nadya Chukova | Legal Advisor | Person | Associate at CMS, part of the legal team advising on the transaction. |