The Sale of Sojaprotein
Sojaprotein is one of the leading soybean processing companies in Europe. Sojaprotein is part of Victoria Group which has been recently acquired by MK Group through debt to equity swap. Following the disposal of laboratory testing, bio-pharma and edible oil business, MK Group is planning to sell Sojaprotein unit from its portfolio.
KALO & ASSOCIATES, Divjak, Topic & Bahtijarevic and BDK Advokati are Winners at the 2019 CEE Legal Matters Deal of the Year Awards
It is with great pleasure for SEE Legal Group to announce that KALO & ASSOCIATES (Albania), Divjak, Topic & Bahtijarevic (Croatia) and BDK Advokati (Serbia) are the winners in three of the categories.
The SEE Legal Member Firms Worked on 7 of the Deals Shortlisted for the 2019 CEE Legal Matters Deal of the Year Awards
CEE Legal Matters announced the finalists for the CEE 2019 Deal of the Year. The following SEE Legal members have participated in one or more of the seven of the shortlisted deals: KALO & ASSOCIATES, BOYANOV & Co., Divjak, Topic & Bahtijarevic, Polenak Law Firm, and BDK Advokati.
SELIH & PARTNERJI Law Firm Advises on Don Don Debt Refinancing
The Don Don Group, a lead regional industrial bakery with eleven production plants in Slovenia, Croatia and Serbia, and selling also to the markets of Bosnia and Herzegovina, Montenegro, Bulgaria and Albania, has undergone a EUR 36 million cross-border syndicated debt refinancing.
SELIH & PARTNERJI Law Firm assisted Don Don as the borrower as well as one of its shareholders KJK Fund II. Mia Kalas, partner and head of the firm’s Banking & Finance practice, led the transaction, with the assistance of senior associate Nika Bosnic.
Concentrations Between Undertakings – What To Watch For
The Slovenian Competition Protection Agency (“CPA”) reports that it has initiated merger filing proceedings against the Croatian company Agrokor d.d. in respect of the concentration between Agrokor AG (Switzerland), which is part of the Agrokor group, and Ardeya Global Ltd. (UAE) which owns the Slovenian company Costella d.o.o. (“Costella”). The proceedings were initiated as a result of a potential failure to notify the CPA of a concentration which is subject to the provisions of the Slovenian Prevention of Restriction of Competition Act (“PRCA”).
Legal Restriction of Trans Fat in Foodstuffs in Slovenia
Rules governing the maximum permitted level of trans fatty acids (trans fats) in foodstuffs were adopted in Slovenia on 19 March 2018, shortly after their reduction was included as a strategic objective of the Slovenian National Program on Diet and Physical Activity for Health 2015-2025.
At the beginning of April, a 12-month transition period allowing for stock depletion will come to an end, and foodstuffs with a high trans fat content may no longer be sold.
BDK Advokati Advises Coca Cola HBC on the Acquisition of Serbian Confectionary Firm Bambi
Coca Cola HBC AG has penned an agreement with Mid Europa Partners to acquire Bambi a.d. for an enterprise value of EUR 260 million. By this acquisition, Coca Cola HBC will add to its beverage portfolio snack brands well-known in the Balkan region, such as Bambi, Plazma, Wellness and Zlatni Pek. The deal is expected to close in the second quarter of 2019 upon issuance of relevant merger clearances.
SEE Legal Group Advised LDC Group
Members of the SEE Legal Group have performed due diligence on Perutnina Ptuj and its subsidiaries in four jurisdictions in the SEE region acting for the LDC Group.
The client’s perception of the target group as a single business entity was successfully supported by the members of SEE Legal by delivering their combined due diligence efforts through the single point of contact at the lead counsel. This role was assumed by the Slovenian SEE Legal member firm, SELIH & PARTNERJI Law Firm. Despite having to deal with many jurisdiction-specific issues in the background, the SEE Legal team accomplished to meet the client’s needs swiftly and in a unified manner.
Mid Europa Partners is Selling Bambi and Knjaz Milos in Serbia
Mid Europa Partners have started the sale process for Bambi and Knjaz Milos.
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…
