BDV team, led by partners Laurenz Vuchetich (M&A and Energy) and Vladimir Batarelo (Tax Law) acted as Croatian legal counsel to Star Energy Group plc, a leading British energy company, on its first overseas majority acquisition in the geothermal sector from Peninsula International Pte Ltd. The Croatian target company IGeoPen d.o.o. is notably the holder of the exploration license for the Ernestinovo license area in the Pannonian Basin in eastern Croatia, whereby Star Energy Group PLC acquired a controlling stake.

Through this investment, Star Energy Group PLC advances its strategy of becoming a market leader in the geothermal industry and is now among the leaders of the Croatian energy transition. The BDV energy team is delighted to have assisted in local transactional and energy regulatory matters up to deal completion. We thank Star Energy Group PLC and leading energy sector focused law firm Watson Farley & Williams for entrusting us to be part of this landmark deal.