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Abris-backed Romanian paper group Pehart invests EUR 20 mln in modernisation

Clifford Chance Badea advised Green Group in a EUR 127 million financing

Clifford Chance Badea has advised Green Group in relation to a multijurisdictional financing of EUR 127 million, from a syndicate of banks including Banca Comercială Română S.A., ING Bank N.V., OTP Bank Romania S.A., Raiffeisen Bank S.A. and UniCredit Bank S.A.

Syndicated credit worth 51 million euro signed by BCR for Pehart Tec Group

18/12/2020 12:34 The Romanian Commercial Bank (BCR, Banca Comerciala Romana) signed a syndicated loan worth 51 million euro for Pehart Tec Group, the financing to be used to develop the two factories of the company in Petresti and Dej, the bank announced on Friday, according to AGERPRES. Our development plans include investing 20 million euro over three years, through a solid partnership with the banks that facilitated the credit. We are committed to being an example for the paper production industry and, as we enter new markets, to establish a new standard for ethical development friendly to the environment, having constantly in view the local community and creating new jobs in a robust industry, oriented towards the people, said Gabriel Stanciu, General Manager of Pehart Tec Group.

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