Podravka d.d., one of the leading food processing companies in Southeast, Central and Eastern Europe acquired majority stake in ŽITO d.d. in 2015. In addition to Slovenian SEE Legal member, also the members from Bosnia & Herzegovina, Montenegro, Republic of Macedonia and Serbia have been involved. The transaction has been successfully closed in October 2015.

SEE Legal Provided Civil Law Support to NUPO

Šelih & partnerji and DTB provided civil law support to NUPO, a standard-setting nutritional pioneer, in terms of an assignment agreement regulating relations with the biggest regional drug store chain. The services were rendered throughout February 2014.

SEE Legal Advised Slovenian Mercator on Financial Restructuring

SEE Legal supported Slovenian Mercator on financial restructuring/refinancing, taking full effect in June 2014. The last required conditions for full and unconditional implementation of Slovenian retailer Mercator’s EUR 1 billion financial restructuring was completed with the help of DTB Banking and Finance professionals. Earlier this year, the Slovenian retailer had signed a comprehensive contract for the financial restructuring of the group with its creditor banks and financial lessors. Namely, Croatian privately-held concern Agrokor signed a sale and purchase agreement with a consortium of shareholders that is selling 53.1% of Mercator, making a cash offer for the stake. The successful refinancing of Mercator’s outstanding debt was one of the conditions for the completion of the transaction. The team managed more than 70 thousand pages of initialled and signed documents, regulating borrower status of the client with 50 different banks.

The same client was supported again by SEE Legal in terms of the October 2014 refinancing of the EUR 1 billion loan with close to 50 banks, in relation to the financing executed earlier in 2014, as described above.