Warsaw team advised European Investment Bank on €104m financing granted to Maspex Group

Global law firm Norton Rose Fulbright advised European Investment Bank on €104m financing granted to Maspex Group. 

The new financing supports the continuation of the sustainable development program and implementation of strategic investments in technologically advanced solutions in the field of energy and raw material efficiency, as well as increasing the efficiency of production and logistics. It will also cover investments in photovoltaic panels and heat pumps. The investments will be made in factories located in Poland (Wadowice, Łowicz, Lublin, Tymbark, Tychy, Wąsosz Dolny) and Romania (Valenii de Munte). 

The Maspex Group continues its sustainable development programme and is implementing strategic investments in high-tech energy and raw material efficiency solutions, increasing production and logistics efficiency. The loan will also cover investments in photovoltaic panels and heat pumps. The planned projects will be implemented in regions covered by the EU's cohesion policy, support climate protection measures and decisively strengthen the Group's competitiveness. 

The Warsaw team was led by counsel Jacek Smardzewski and included associate Patryk Gelar. The team worked under the supervision of Grzegorz Dyczkowski, who heads the Warsaw office and the firm’s Warsaw banking and finance practice.

Stratulat Albulescu provided Romanian legal advice, acting as local counsel to European Investment Bank.