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News 28 Aug 2024 · Hungary

CMS advises on USD 860m cathode plant financing in Hungary

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CMS Hungary has advised The Hongkong and Shanghai Banking Corporation Limited and BNP Paribas, S.A. on the financing and development of a USD 1.492 billion cathode active materials plant with an annual capacity of approximately 108,000 tonnes in Debrecen, Hungary by ECOPRO BM.

ECOPRO BM is a leading Korean company that produces and develops high-quality cathode materials for electric vehicles, power tools, and energy storage systems. The USD 860 million financing is the first time a Korean cathode materials company has received an Export Credit Agency financing worth trillions of South Korean won for overseas investment.

The CMS team was led by Eszter Török and included Márton Lázár (Finance).

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