BDV Batarelo Dvojkovic Vuchetich has advised Kommunalkredit Austria on a EUR 25 million facility for the Star Energy Group's transition strategy into geothermal energy and for enabling continued investment in the group’s oil and gas business.
Kommunalkredit Austria is an energy and infrastructure bank.
The Star Energy Group is an oil and gas company based in the UK.
"Securing this facility is an important milestone for Star Energy," Star Energy Group CEO Chris Hopkinson said. "It allows us to use cashflows from our existing oil and gas business to optimize near-term conventional production (with quick pay-backs) and deliver our transition strategy; namely developing and monetizing our geothermal business in both the UK and Croatia."
The BDV team included Partner Laurenz Vuchetich and Attorney at Law Anamarija Javor.
BDV did not respond to our inquiry on the matter.
