Bernitsas Law advised Motor Oil on the acquisition of ELIN VERD, a company active in the production and promotion of biofuels.
Motor Oil is a leading energy group in Southern Europe and the Mediterranean, listed on the Athens Exchange.
ELIN VERD operates a biodiesel plant with 80,000 tons capacity of biodiesel annually. The company is a leader in oil waste collection, recycling and production of green fuels.
Partner Yannis Seiradakis led this transaction assisted by Senior Associate Eleni Stazilova and a multi-membered team advising Motor Oil. The transaction is subject to regulatory approvals.