IVVK Lawyers has successfully advised BMZ Energy on the sale of its shareholding in L.O.I 360 Strategy and Business Development SM 2022 DOO, the project company developing a 180 MW solar power plant in Serbia, one of the largest renewable energy projects in the country to date. The buyer, Fortis, was advised by the Schoenherr Belgrade team.
The transaction represents a landmark deal in Serbia’s energy sector and highlights the growing attractiveness of the Serbian renewables market to international investors. IVVK provided comprehensive legal support throughout the entire transaction process, from its initiation in 2024 through to final closing.
The IVVK team was led by Partner Miloš Vučković who was accompanied by Senior Associate Nada Bakrač.
Miloš Vučković commented on this transaction:
“We initiated this transaction in 2024, and its successful closing marks one of the most significant energy sector deals in Serbia. It also represents an important milestone for the continued development and maturity of the country’s renewable energy market.”
IVVK remains committed to supporting strategic investments in renewable energy and infrastructure projects across the region, contributing to the energy transition and sustainable growth of Southeast Europe.