DTB Advised on the Sale and Purchase of Shares in Croatian Company RABO d.o.o.
October 2023
Divjak Topic Bahtijarevic & Krka acted as a leading legal counsel for the buyer, a Hungarian company Apple Heaven Kft, in relation to the sale and purchase of shares in the company RABO d.o.o., one of the largest producers and exporters of apples and nectarines in Croatia.
DTB's team comprising Managing Partner Emir Bahtijarevic and attorneys Jasna Belcic, Zrinka Mustafa Prelic, Sanja Novoselic, Dominik Glavina, Iva Vukoja, Barbara Simic, and trainee Anella Bukovic provided legal advice and support to the client in due diligence, negotiations, structuring of the…
NNDKP Has Assisted a Syndicate of Banks in Providing EUR 550 Million in Financing to the Swiss Group Ameropa
August 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies – Azomures, Romania’s largest fertilizer producer, Ameropa Grains SA, a major grain trader, and Chimpex, a leader in port operations. The syndicate of banks consisted of Banca Comercială Română SA, Raiffeisen Bank SA, ING Bank Romania, Unicredit Bank SA, Alpha Bank Romania SA, Banca Transilvania SA, BRD Groupe Societe Generale SA, Banca Comercială Intesa Sanpaolo…
DTB Assists PPD in Selling 50% Shares in TMF, Majority Shareholder of Petrokemija d.d.
November 2022
Divjak Topic Bahtijarevic & Krka (DTB) has assisted Prvo plinarsko drustvo, the leading subsidiary of the largest Croatian private company ENNA, in the disposal of its participation in joint venture company Terra Mineral Fertilizer Ltd. (“TMF”). TMF is the largest shareholder of the only Croatian fertilizer company - Petrokemija. The majority stake in Petrokemija has been sold to Turkish conglomerate Yildrim Group, and the completion of the transaction is subject to customary approvals of regulators in several jurisdictions. DTB has assisted Prvo plinarsko drustvo with…
SELIH & PARTNERJI Law Firm advises ADM on investing in Acies Bio
ADM (the Archer-Daniels-Midland Company), a global leader in nutrition and agricultural origination and processing, made an investment in Acies Bio, a Slovenia-based biotechnology company specialising in R&D and manufacturing services for developing and scaling synthetic biology and precision fermentation technologies for food, agriculture, and industrial applications.
The investment was made through ADM Ventures, the company’s corporate venture capital arm.
SELIH & PARTNERJI team advising ADM on this transaction included partners Natasa Pipan Nahtigal and Spela Remec, legal adviser…
Possible Sale of Adriafin, Owner of Vinakoper
July 2022
A compulsory settlement of Istrabenz Holding Company at the request of the Slovenian Bank Assets Management Company (BAMC) was approved last year. In this procedure, EUR 65 million of the company's total debt of EUR 75 million was turned into equity. Some of Istrabenz's smaller assets have been taken over by BAMC, while the remaining assets of the holding are expected to be sold gradually, and the holding then sent into liquidation or bankruptcy.
The holding's investments include a half-share in Adriafin, which owns a 78% share in the Slovenian wine producer Vinakoper (the other large…
Medical Cannabis
A family-owned local company is interested in finding a strategic co-investor in a medical cannabis production business. The local company holds a license for the cultivation of medical cannabis and operates on 60,000m2. The facility is part of a greenhouse complex covering 300,000m2, enabling expansion of the licence on the full greenhouse area.
NNDKP Assists a Syndicate of Banks in connection with a RON 84.5 million Financing Granted to Rodbun Group
NNDKP successfully assisted a syndicate of banks in connection with a RON 84.5 million (approximately EUR 17.2 million) financing granted to Rodbun Group, one of the leading agribusiness companies in Romania.
NNDKP Assisted a Syndicate of Banks in Providing a Loan to Carmistin Group
NNDKP successfully assisted a syndicate of banks in granting a EUR 90 million loan facility to the Carmistin Group, one of the main players on the agricultural and zootechnical market in Romania.
South Vardar Valley Project
Negotiations are underway to launch the third phase of the South Vardar Valley project, which will irrigate an additional 1,700 hectares.
NNDKP Assisted Norofert SA in Preparing its Private Placement
NNDKP assisted Norofert SA in preparing for the private placement ahead of the Group’s listing on the Bucharest Stock Exchange. NNDKP partners, Alina Radu and Corina Dumitru, led the NNDKP team, which consisted of associates Laura Duca and Claudia Lazar.
NNDKP Involved in a Contemplated Project on the Romanian Capital Markets
Norofert Group, the leading Romanian producer of organic agricultural products, announces its intention to list on the AeRO market of the Bucharest Stock Exchange in the second quarter of 2019.
This is an example of a project where clients benefit from the NNDKP and Cornerstone Communications alliance, with NNDKP assisting Norofert Group in preparing the corporate structure for listing as well as assuring the legal and tax audit, and Cornerstone Communications being the company’s investor relations adviser.
Sale of PKB Korporacija
The Republic of Serbia has announced the sale of PKB Korporacija. The target is one of the major companies in farming, agriculture and food production in Serbia. The Informative Memorandum is available on the website of the Ministry of Economy of Republic of Serbia:
http://www.priv.rs/Javni-pozivi/12306/Javni-poziv-za-PKB-Korporaciju-ad-Padinska-Skela.shtml.
The minimum price for the sale of 100% of the registered capital of PKB Korporacija is EUR 104.5 million. According to the Ministry of Economy, the estimated market price of the assets as of 31 December 2017 was EUR 208,463,139.86. The sale…
