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CMS Advises EBRD on Loan to Stax Technologies

CMS Advises EBRD on Loan to Stax Technologies

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CMS has advised the EBRD on a EUR 10.8 million loan to Serbian machine manufacturer Stax Technologies.

According to CMS, Stax is a manufacturer of paper tissue packaging machines based in Konjevici. “It intends to use these funds to expand its production facilities, purchase state-of-the-art equipment, and implement energy efficiency improvements, including the installation of a new 300-kilowatt rooftop solar power system, which will allow the company to produce the energy it needs for its own operation in a sustainable way.”

The CMS team included Warsaw-based Partner Rafal Zakrzewski and Lawyer Michal Horelik, Kyiv-based Senior Associate Orest Matviychuk and Associate Ivan Pshyk, and Belgrade-based Partner Milica Popovic, Counsel Marija Marosan, Attorney at Law Jovana Bingulac, and Lawyer Ksenija Boreta.

CMS did not respond to our inquiry on the matter.