Deals & Cases

Borislav Boyanov & Co. Advised Enel in Respect of its Acquiring Full Control of Maritsa East 3 Power Plant


The firm advised Enel Produzione SA in 2003 on its participation as main sponsor together with the Entergy, USA in a €580 million project finance transaction involving the privatisation and modernisation of one of the biggest thermal power stations in Bulgaria (Maritsa East 3 Project).

In a subsequent transaction Enel acquired the stake held by Entergy in the energy company and the operations and management company of the Maritsa East 3 power plant, thus acquiring full control of the project. Borislav Boyanov & Co. advised Enel on structuring the transaction, regulatory, competition and other related issues, successfully obtaining merger clearance for the resulting concentration.