Fortenova Group Plans to Sell Its Agricultural Units

June 2023 Croatian business group Fortenova said it intends to launch the sale of its agriculture units as part of new financing with its current majority creditor, global company HPS Investment Partners.

BDK Advokati Advises Mercator-CG on the Acquisition of Franca Retail Business

June 2023 Mercator-CG and Franca retail chain signed the share and purchase agreement for the acquisition of Franca retail business in Montenegro. Franca retail chain consists of 67 retail outlets with over 900 employees across Montenegro. Through this acquisition, Fortenova Group is strengthening its retail business in the markets in South-East Europe. The BDK Advokati team that advised Fortenova and Mercator-CG on this transaction was led by the senior partner Luka Popovic. The competition team led by the counsel Bisera Andrijasevic, with associate Sanja Dedovic and junior associate Marija…

NNDKP Obtains the Annulment of the Fine Imposed by the Competition Council on a Major Food Supplier

May 2023 NNDKP successfully represented a major local food supplier in connection with the annulment of the fine imposed by the Competition Council following an investigation initiated in 2009 for alleged anti-competitive agreements between several suppliers and retailers operating in the domestic market. The NNDKP team representing the client in this dispute was led by Sorina Olaru (Partner) and included Daniela Savin (Managing Associate) and Andreea Ciubotaru (Associate), from the Dispute Resolution practice, as well as Anca Diaconu (Partner), from the firm’s Competition, State Aid…

German Group Schwarz Has Contracted a EUR 100 Million Loan From EBRD

September 2022 German group Schwarz has contracted a EUR 100 million loan from the European Bank for Reconstruction and Development to finance the expansion of Kaufland hypermarkets network in Romania and the Republic of Moldova. Kaufland, which operates on the segment of hypermarkets with low prices, has a network of 155 stores in Romania. The company aims to open at least ten stores by 2022, with a total investment budget of EUR 375 million.

Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

May 2022 The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina. Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races. BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement. BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business…

Sale of DIS

January 2022 DIS is a family-owned company, one of the biggest Serbian retail chains with a network of 35 supermarkets and over 170 franchise partners with a well-developed distribution system.

Dedeman Plans to Expand Abroad

December 2021 Dedeman, the leading DIY retail chain in Romania, owned by Romanian entrepreneurs Paval brothers, is exploring the option of entering markets outside Romania, in the Balkans and CEE areas, with Serbia being mentioned as one of the target markets.

SELIH & PARTNERJI Advised Allegro on its Acquisition of a Slovenian Online Retailer

December 2021 SELIH & PARTNERJI Law Firm have advised a Polish e-commerce group Allegro on Slovenian aspects of the acquisition of Mall Group and WeDo from the PPF Group, EC Investments, and Rockaway Capital. The acquisition was made for a total consideration of EUR 881 million. In Slovenia, the transaction concerned the Slovenian online retailer Mimovrste owned by the Czech Mall Group. Allegro's lead counsel was Clifford Chance, while White & Case advised the sellers. The SELIH & PARTNERJI team included partners Natasa Pipan Nahtigal and Spela Remec, senior associate Lidija Zupancic,…

DTB Advised the Croatian Subsidiary of M7 Real Estate on the Sale of Mani Business Center

November 2021 DTB advised the Croatian subsidiary of M7 Real Estate, which completed the sale of the Mani Business Center with 12,900 sq m multi-let office building to Raiffeisen Pension Insurance Company on behalf of M7 Central European Real Estate Fund I. M7 will continue to asset manage the property on behalf of the new owner. The sale completes the divestment of M CEREF I, a value-add fund comprising of a portfolio of 21 logistics, office, and retail assets in key Central European markets, generating total sale proceeds of EUR 182 million and an IRR of 25% significantly ahead of the Funds’…

Turkey: Q2 Competition Law Bulletin 2021

The Preliminary Report on E-marketplace Platforms Sector Inquiry (the “Preliminary Report”) published by the Turkish Competition Authority (the “TCA”) was the most significant competition law development during the second quarter of 2021. On 7 May 2021, the Preliminary Report, which contains the Competition Board’s (the “Board”) initial findings of the sector inquiry initiated on 11 June 2020 and policy suggestions, was published on the TCA’s website for public consideration. The Preliminary Report explores competition law concerns associated with the e-commerce sector and…

Polenak Law Firm Advised NLB Banka AD Skopje

Polenak Law Firm advised NLB Banka AD Skopje as mandated lead arranger, аgent and lender in a EUR 72 million syndicated lending for financing the construction of East Gate Mall in Skopje.

Quarterly Competition Law Bulletin by KDK Law Firm - 2020 Second Quarter

As we left behind the second quarter of 2020, we are publishing this bulletin which consists of recent competition law developments in Turkey and the Competition Board’s notable decisions in this period