UniCredit and Allianz Strengthen Partnership in Croatia’s Bancassurance Market
October 2022
Divjak Topic Bahtijarevic & Krka Law Firm represented Allianz SE, one of the world's leading insurers and asset managers, in two significant transactions involving Zagrebacka Banka d.d. (“Zaba”), a leading Croatian bank that is part of the UniCredit Group: The sale of Allianz SE’s 11.72% stake in Zaba to UniCredit Group, and Allianz Holding EINS’s GmbH purchase of Zaba’s 16.84% minority stake in Croatian insurance company Allianz Croatia d.d.
With these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market, reinforcing their…
KG Law Firm Advised Resolute Asset Management Group in Acquiring Piraeus Real Estate Management SA
October 2022
KYRIAKIDES GEORGOPOULOS Law Firm advised Resolute Asset Management Group in acquiring Piraeus Real Estate Management SA and entering into a strategic alliance Service Level Agreement with Piraeus Bank.
The KG team was led by Theodore Rakintzis, Partner, Ioanna Kyriazi, Partner, and Maria Karampotsiou, Associate.
Potential Sale of Share in Cinkarna Celje
August 2022
It is expected that the Slovenian Bank Assets Management Company will soon attempt to sell their almost 13 % share in CINKARNA, Metalursko-kemicna Industrija Celje, d.d., a titanium dioxide pigment manufacturer and one of the largest chemical-processing companies in Slovenia.
Cinkarna was included in the list of companies for privatisation as early as 2013, and several attempts to sell the share have been made since – the last one about a year ago.
In September 2021, the estimated net profit for 2021 was EUR 27.1 million.
For 2022, Cinkarna plans EUR 204 million in sales revenue.…
NNDKP Assists Marcos Provit in Connection with the Issuance of Corporate Bonds
May 2022
NNDKP assisted Marcos Provit, a local pharmaceutical services network, in issuing cross-border corporate bonds worth 8.5 million euros through private placement, under the coordination of the Polish private debt fund CVI.
The transaction aims at the strategic development of the company by ensuring the financing for potential acquisitions.
NNDKP was involved in the structuring, negotiation, and conclusion of the related documentation and provided assistance to the client throughout the transaction.
“Special thanks to our legal advisors at Nestor Nestor Diculescu Kingston Petersen…
BOYANOV & Co. and KALO & ASSOCIATES Advised on the Sale of One Telecommunications
March 2022
After having advised on the acquisition (including the acquisition financing) of One Telecommunications - the second-largest mobile operator in Albania, in 2019 from OTE / Deutsche Telekom and the refinancing of the original acquisition financing in 2021, at the end of 2021 and the beginning of 2022 BOYANOV & Co. and KALO & ASSOCIATES advised the sellers on the sale of One Telecommunications to the Hungarian IT service management company 4iG.
The transaction was successfully closed on 21 March 2022.
BOYANOV & Co.’s team was led by partner Damian Simeonov and included…
NLB Group Selling NLB Skladi
The largest Slovenian banking group has decided to sell one of its most profitable businesses NLB Skladi, which manages assets in funds and individual management.
Investment Protection Between Serbia and Major Economies: France
February 2022
Author: Relja Radovic, BDK Advokati
Investment Flows
We conclude our series on investment protection between Serbia and major economies with a post on France. According to the Development Agency of Serbia, France is the third country of origin of foreign investments in Serbia, with a 9.7% market share, in terms of the value of projects, and the fifth country of origin, with a 5.4% market share, in terms of the number of projects. The most famous recent French investments in Serbia are Vinci’s concession for Nikola Tesla airport in Belgrade and Suez’s participation with…
KG acted for EVO Payments, Inc. in Acquiring a Majority Interest in National Bank of Greece Merchant Acquiring Business
January 2022
Kyriakides Georgopoulos Law Firm advised EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), a leading global provider of payment technology integrations and acquiring solutions, in a transaction involving a long-term strategic marketing alliance with the National Bank of Greece (“NBG”) to provide merchant acquiring and payment processing services.
Kyriakides Georgopoulos team led by Partners Konstantinos Vouterakos and Konstantinos Issaias and Competition Partner Anastasia Dritsa assisted EVO throughout the negotiations of transaction documents, the conduct of legal due diligence,…
NNDKP Аssists Safety Broker in the Sale of an 80% Сtake to Unilink
December 2021
NNDKP has assisted Safety Broker, the largest independent insurance broker operating in Romania and in the Republic of Moldova, in the sale of 80% of the company’s shares to the Unilink group, leader on the relevant Polish market.
Following the closing of the transaction, the minority stake will be held by Viorel Vasile (15% of shares), who will continue to act as CEO of the company and as a member of the board, and by Robert Niță (5% of shares), who will also continue to be on the board of the company.
This transaction is part of the long-term development strategy of Safety…
NNDKP Advises Purolite in Relation to its Acquisition by Ecolab
December 2021
NNDKP has assisted Purolite Corporation and Purolite SRL in relation to the acquisition of the companies by Ecolab, as part of a broader, global acquisition process.
The transaction is valued at approximately US$ 3.7 billion, placing it amongst the largest transactions of its kind closed this year, both at the global and national levels.
NNDKP has provided assistance in all stages of the transaction and with other relevant aspects regarding the acquisition process, through the involvement of a multidisciplinary team of professionals, comprised of experts from the firm’s Corporate/M&A,…
Investment Protection Between Serbia and Major Economies: China
December 2021
Author: Relja Radovic
Investment Flows
Following our initial post on the United States, we continue our series on investment protection between Serbia and major economies with the focus on China – one of the most important and publicized sources of foreign investments in Serbia.
The Development Agency of Serbia reports that China ranks the seventh country of origin of foreign investments in Serbia, with a 3.5% market share, in terms of the number of projects, and sixth, with an 8.9% market share, in terms of the value of projects. As with the US, China is not among the…
The Rise of the BNPL Model and the Opportunities in the Serbian Market
November 2021
Author: Dragoljub Cibulic
The current global environment is giving BNPL (“buy now pay later”) incredible momentum. People are working and shopping more and more from their homes. Many of them need more financial support than usual to complete their purchases. That is where BNPL comes in handy.
The basic model is simple: BNPL allows the customer to pay for purchases later, often interest-free, without having to use traditional credit sources. There are clear advantages for the seller too because the BNPL option attracts new customers and increases the average order sizes of…
