NNDKP Assists OTP Bank Romania and OTP Group in a EUR 57.80 Million Financing for Exigent Property Investment SRL
March 2023
NNDKP advised OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residential project in Bucharest, located in Militari area. The team was led by Valentin Voinescu, Partner in the Banking and Finance practice, and included Cătălina Dan, Associate, and Alexandru Ciambur, Senior Associate.
Learn more about this transaction here.
SEE Legal Member Firms Worked on Eleven Deals Shortlisted for the 2022 CEE Legal Matters Deal of the Year Awards
March 2023
CEE Legal Matters has announced the finalists for the CEE 2022 Deal of the Year in 22 CEE jurisdictions. We are pleased that nine SEE Legal member firms have participated in one or more of the eleven shortlisted deals. The winners will be announced at the annual CEE Deals of the Year event, scheduled for 25 April 2023 in Istanbul.
The relevant information on the foregoing deals is available below.
KALO & ASSOCIATES
4iG's Acquisition of One Telecommunications (CMS; Boyanov & Co.; Dentons; KALO & ASSOCIATES) – Albania
OTP's Acquisition of Alpha Bank (Bird &…
Kyriakides Georgopoulos Law Firm advised Optima bank S.A.
February 2023
Kyriakides Georgopoulos Law Firm advised Optima bank S.A. in a pioneer transaction for the acquisition of five portfolios of performing loans in the secondary market. It is an innovative deal signifying the return of restructured loans in the banking system after their securitization in 2020.
KG team led by senior partner Konstantinos Vouterakos, counsel Vasileios Douzenis, and senior associate Eleana Nounou supported Optima bank throughout the negotiations of the transaction documents, conducted legal due diligence review, and provided advice on the various aspects of the…
SEE Legal Ranked Band 1 Law Network in SEE
SEE Legal Group is proud to announce that it has, once again, been ranked as the only Band 1 Leading Regional Law Firm Network in the SEE region by Chambers and Partners’ Global Guide. The ranking reconfirms SEE Legal’s highest levels of service and its leading position in the regional legal market.
Chambers and Partners is the leading independent professional legal research company operating across 200 jurisdictions. It delivers detailed rankings and insights into the world’s leading lawyers and law firms.
To view SEE Legal’s full profile on Chambers and Partners, click here.
ESOPs in Serbia
February 2023
Employee share-based incentives are still relatively rare in Serbia, compared to more traditional cash bonuses. The Serbian Companies’ Act was updated in 2018 to provide, for the first time, a basic framework for implementing share incentive plans in a limited liability company, which is by far the most popular corporate form in Serbia. Share-based incentives in public joint-stock companies have not gained prominence due to undeveloped capital markets. Salary tax and social security contribution exemption were introduced in 2019 for stock options and underlying shares offered…
OTP Group Successfully Completes the Acquisition of the Slovenian Nova KBM Group
February 2023
OTP Group announced that it has successfully completed the acquisition of Nova KBM Group from its previous owners – financial funds managed by Apollo Global Management and EBRD – after obtaining all required approvals from the relevant regulatory authorities.
OTP was advised by Selih & partnerji. The cross-practice team was led by partners Natasa Pipan Nahtigal, Mia Kalas, Jera Majzelj, and Spela Remec, covering M&A, competition, and banking regulatory aspects.
The acquisition, the most significant in the history of the OTP Group and one of the largest in Slovenia in…
New Shopping Centre in Labin, Istria
February 2023
More than a year ago, the company Retail Park Hrvatska d.o.o. bought a piece of real estate property in Labin with the aim of building a smaller shopping center which will form a common entity with the existing Spar store. Obtaining a construction permit is still in the process, so the investors hope that work on the future Retail Park Labin shopping centre could begin soon. The investor is the company Retail Park Hrvatska d.o.o. with the support of the partner company Inceptum Sport d.o.o. and investment fund Maverick Wealth Management. They plan to invest more than EUR 5 million…
New Shopping Centre in Vinkovci
January 2023
The city of Vinkovci will get a new shopping center in 2023 – a Stop Shop complex, that should be completed by the spring of 2024. Stop Shop is a brand of the company Immofinanz and consists of retail parks in Central and Eastern Europe. The Stop Shop in Vinkovci will be constructed next to the bypass in Novi Selo, and it will cover an area of 10,300 m2. The designer is Studio Parallel d.o.o. from Zagreb, the contractor is the company Radnik D.D. from Krizevci, and the company Metrion Projekt d.o.o. is responsible for expert supervision. The complex itself should have a total…
Investment Round for Manc Games
January 2023
Manc Games is an Istanbul-based mobile game company which announced that it has secured an investment commitment of USD 50 million from a digital asset investment firm. The Turkish mobile game maker said the investment will be used to become a global brand in the gaming space.
According to the company representatives’ statements, the company is rapidly growing and its expected growth rate to achieve is over 25 million downloads by the end of 2023. Manc Games is adapting its games to Web3 and metaverse and aims to become a global name in the near future.
Degordian Acquires Shares in Shopycode
January 2023
Degordian, a multinational digital-first agency originally from Croatia, has acquired 51 % of Shopycode, a Serbian software development company specializing in e-commerce.
Shopycode started working in 2020 and in just a few years has become one of the leaders in e-commerce development, specialised in Shopify solutions, with a portfolio of clients from all over the world and realized projects that vary from simpler webshops to complex multi-year implementations. After this acquisition, Degordian’s digital unit and Shopycode became one team who can offer 360 solutions in the sphere…
Partnership of Zorlu Enerji and Wren House Infrastructure LP on Electric Charging Stations
January 2023
As being one of the biggest players in Turkiye’s energy sector, Zorlu Enerji aims to facilitate the journeys of electric vehicle owners and accelerate the electric vehicle revolution with the fast-charging stations it has implemented in urban and intercity roads. In addition to the fast-charging facility it offers at public points, it also installs charging stations in homes and workplaces in line with the demands of its users. Zorlu Enerji plans to commission charging stations all over Türkiye and make electric vehicles accessible and usable all over the country.
To achieve that,…
EBRD Lends EUR 43 Million to Taaleri-ENCRO JV for Two Wind Farms in Croatia
January 2023
The European Bank for Reconstruction and Development (EBRD) is helping to speed up Croatia’s transition to clean energy by helping to finance the construction of two new wind farms. The bank is extending a EUR 43 million loan to Kunovac d.o.o., a limited liability company jointly owned by Taaleri Energia’s SolarWind II Funds and ENCRO Kunovac d.o.o., for the first utility-scale renewable project in Croatia developed outside of a renewables subsidy scheme.
The EBRD proceeds will finance the construction and operation of two onshore windfarms in the Zadar region, with a joint…
