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GESSEL provided legal support to Bank BGŻ BNP Paribas S.A. on its investment in PG Energetyka Sp. z o.o. and, indirectly, in Elektromontaż Poznań S.A.

In this equity transaction, BGŻ BNP Paribas S.A. – upon fulfilment of the conditions precedent – acquired a stake in a company providing services to the electric energy and telecoms sectors.

Bank BGŻ BNP Paribas S.A. – BNP Paribas is a leading European bank with a large international footprint, pursuing – through its various affiliates – operations in 74 countries, relying on a workforce of over 190,000 employees (including over 146,000 in Europe). It prides itself on being a strong local bank with global outreach; in 2017, it ranked seventh in Poland in terms of assets.

PG Energetyka Sp. z o.o. was established in 2012 in response to the growing demand for electric energy services. Its projects – installation and overhaul of power supply and telecoms systems, switching stations, control and automation systems, structural networks and security installations for industrial facilities – implement state-of-the-art technical and technological solutions.

Elektromontaż Poznań S.A. has honed its expertise in the electric installations sector over more than 50 years. Specialising in production of power supply equipment and its installation, it has worked on projects such as construction of the Volkswagen plant in Poznań or the Mercedes engine factory in Jawor.

GESSEL’s advice comprehensively addressed all aspects of the transaction documentation. Our project team was led by Małgorzata Badowska, partner and comprised Klaudia Krawiec-Guz, trainee attorney; Michał Bochowicz, managing associate; Krzysztof Jasiński, attorney; and Weronika Zdeb, trainee attorney.