Energy and Mining
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Energy and mining
Banking and Finance
https://seelegal.org/wp-content/uploads/2020/05/electric-car.jpg 734 1000 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2020-05-06 11:34:042020-05-21 11:39:05Electric Vehicle Plant
At the end of 2019, Memorandum of Intent for building an Electric Vehicle Plant was signed by and between the Executive Director of InvestBulgaria Agency and the executive directors of the Korean-Chinese company Songuo Motors and Italian - Hadid Holding. The two companies announced their intention to invest USD 200 million in Bulgaria to build a plant for production of electric vehicles.
https://seelegal.org/wp-content/uploads/2018/02/Car.jpg 781 1280 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-11-10 20:29:012019-12-18 20:41:48Hyundai Motor Group and other South Korean Companies Interested in Investment in the Automotive Industry in Bulgaria
Bulgaria and South Korea are negotiating on the building of Automobile Factory and Autonomous Vehicles test centre of Hyundai and Battery Factory of another South Korean company (whose name was not disclosed) for Electric cars on the territory of Bulgaria. The investment in the Battery Factory shall be over EUR 1.5 billion and Bulgaria is in competition for the investment together with other two countries. Bulgaria has provided possible locations for the factories to the two South Korean companies.
https://seelegal.org/wp-content/uploads/2019/12/vw.jpg 747 1197 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-11-06 20:33:012019-12-18 20:40:38Volkswagen AG to Open a New Automobile Factory in Eastern Europe
After postponing Volkswagen AG’s final decision to open a new automobile factory in Turkey, Bulgaria sees a chance to be considered as a potential destination again. The postponement of the decision is due to Turkey’s military action in northern Syria. Possible locations for a Volkswagen factory in Bulgaria are Sofia and Plovdiv
https://seelegal.org/wp-content/uploads/2019/10/metal.jpg 712 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-10-14 21:21:452019-12-23 14:22:15Sale of 100% of the Shares in MARIBORSKA LIVARNA MARIBOR d.d.
Slovenian Bank Assets Management Company is selling MARIBORSKA LIVARNA MARIBOR d.d. is a manufacturer of different tools and mechanical treated aluminium die-castings designed for the automotive, electrical and machine industry.
https://seelegal.org/wp-content/uploads/2019/12/motor.jpg 707 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-10-10 20:56:412019-12-18 21:17:25Possible Sale of CIMOS d.d.
The Italian financial fund Palladio Holding Group is planning to sell Cimos (unofficially reported). Cimos is one of the names closely related to the strong automotive industry as the group and its subsidiaries supply turbo, powertrain and kinematics solutions to the main automotive producers like Ford, Volvo, PSA, BMW, Audi and VW, and their suppliers Honeywell, Bosch Mahle Turbo Systems, BorgWarner Turbo Systems and TRW.
https://seelegal.org/wp-content/uploads/2019/02/valvoline.jpg 599 900 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-07-05 10:19:142019-07-08 10:26:09BDK Advokati Advises on Valvoline’s Acquisition of FAM
Ellis Enterprises, the Serbian subsidiary of lubricant producer Valvoline (NYSE: VVV), closed on Monday, 1 July 2019 the acquisition of the core manufacturing assets of Serbian lubricant producer FAM, Krusevac for EUR 9.5 million. Closing occurred upon approval of the Serbian Competition Commission and the approval of the transaction terms by six banks which are major creditors of FAM. Valvoline will initially employ 115 employees of FAM and will invest more than EUR 5.7 million in the modernisation of the plant.
https://seelegal.org/wp-content/uploads/2019/04/battery.jpg 600 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-04-03 10:47:452019-04-17 10:55:47TAB Looking for a Buyer Again
According to the Finance newspaper, Nova Ljubljanska Banka is checking for interest for the successful Slovenian battery manufacturer Tovarna Akumulatorskih Baterij (TAB) again. It is not known to what which potential buyers the prospectus has been sent.
https://seelegal.org/wp-content/uploads/2019/04/volkswagen.jpg 759 1275 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-26 22:15:522019-04-10 22:20:03Volkswagen AG to Open a New Automobile Factory in Eastern Europe
Volkswagen AG is planning to open a new automobile factory in Eastern Europe and Bulgaria is a potential destination. Possible locations for a Volkswagen factory in Bulgaria are Sofia and Plovdiv. The new factory shall produce cars from different brands under the Volkswagen group, including Volkswagen, Audi, Skoda, SEAT and others. Initially, Skoda Karoq and SEAT Ateca will be produced by moving their current production from Skoda's factory in Kvasiny, Czech Republic. It is expected Volkswagen to decide in which country to build the new factory at the beginning of May. Sources say that the direct capital investment will be over EUR 1.4 billion and will include the opening of initially, 5,000 work places, plus hundreds of engineers, followed by thousands of work places as suppliers and service industries.
https://seelegal.org/wp-content/uploads/2019/04/deals-in-pipeline.jpg 628 1200 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-03-23 10:02:272019-04-17 10:47:37Invitation to Tender for the Purchase of Claims Held Against the Fori Group
With the transfer of assets in 2014 from Slovenian banks, the Slovenian Bank Assets Management Company (BAMC) became a creditor of the companies TT Okroglica d.d., Fori d.o.o., Fori Skupina d.o.o., Elvel d.o.o., Emo-Tech d.o.o. (the “Fori Group”). At this point, BAMC is considering disposing of its collateralized loan exposure in the companies in the total amount of EUR 18,1 million. The deadline for submission of indicative offers is 23 April 2019 and the deadline for submission of binding offers 26 June 2019.
https://seelegal.org/wp-content/uploads/2019/02/valvoline.jpg 599 900 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-02-25 15:47:512019-02-26 14:35:28Valvoline to Acquire FAM’s Production Plant and Related IP Rights
BDK Advokati represented Ellis Enterprises d.o.o. a subsidiary of Valvoline (NYSE: VVV), in the acquisition of the production facility and IP rights from Serbian lubricant producer FAM for a purchase price of EUR 9.5 million. As a result of this acquisition, Valvoline will add to its portfolio FAM’s products which are well-known in the Balkan region.
https://seelegal.org/wp-content/uploads/2019/02/yura-corporation.jpg 416 900 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2019-02-20 20:45:512019-02-20 21:21:37KALO & ASSOCIATES Assisted YURA Corporation
LO & ASSOCIATES team, led by partner Jola Gjuzi, assisted the South Korean global supplier, YURA Corporation. YURA Corporation was granted the status "strategic investor" by the Albanian Government following a thorough examination of the project by AIDA. Yura will be producing electric, electronic and ignition components for the automotive industry and will employ a great number of Albanian citizens.
https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png 0 0 sara https://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-08-19 17:19:192018-09-06 18:01:08TAB Looking for a New Buyer
A successful Slovenian battery manufacturer Tovarna Akumulatorskih Baterij (TAB) has recently been in serious negotiations regarding the sale of the company to the South African company Metair Investments. In August it was reported that the Metair’s EUR 300 million bid has been dropped because of the depreciating rand. Unofficially, the owners of TAB will be looking for a new buyer. TAB is producing a wide range of lead acid flooded, VRLA AGM and VRLA Gel batteries in three modern factories with approximately 1,300 employees. They have after-market automotive battery manufacturing facilities…