GSK Stockmann provided advice on aspects of capital markets law to Bayerische Landesbank (BayernLB) in connection with a cross-border financing arrangement totalling approximately EUR 100 million. The financing is part of an international bank pool and will support the electrification of Rome’s public transport network.
The project includes the procurement of 250 fully electric buses and the installation of over 100 high-performance charging points, which are to be powered entirely by certified green electricity. The aim is to serve the key transport routes in eastern and western Rome with a zero-emission fleet in future. The project is financed via a Fleet-as-a-Service model, with the Italian export credit agency SACE providing a guarantee to secure the financing.
A team led by Munich partner Timo Bernau advised BayernLB on all aspects of capital markets law relating to the complex financing structure.
Advisers of BayernLB at GSK Stockmann:
Dr Timo Bernau (lead), Dr Martin Freytag (both banking and finance law)
