Radu și Asociații SPRL provided legal assistance to the Electrica group regarding the merger process through which Societatea de Distribuție a Energiei Electrice Transilvania Nord S.A. absorbed two other distribution companies within the group: SDEE Transilvania Sud S.A. and SDEE Muntenia Nord S.A. Following the merger, a single company continues to exist, respectively, Distribuţie Energie Electrică Romania S.A. (DEER). As of the 1st of January 2021, DEER offers services in 18 counties, in three geographical areas of the country, towards 3.8 million users. Thus, the new company becomes the most important national electricity distribution operator, with a coverage of 40.7% of Romania.
Radu și Asociații SPRL will continue to support the Electrica group also in the implementation process which will follow the effective date of the merger.
In the context in which Electrica S.A. is a company listed on the Bucharest and London stock exchange, having the Romanian state as the majority shareholder, the merger process of the three distribution companies becomes a landmark for the Romanian market, both in terms of importance for the economy and legal complexity .