Merkur Osiguranje d.d. Acquires Wustenrot Zivotno Osiguranje d.d.

December 2022 DTB is proud to announce that after obtaining all regulatory approvals, one of the leaders in the Croatian insurance sector, Merkur osiguranje d.d. Hrvatska, completed the acquisition of a well-known life insurance company Wusternot zivotno osiguranje.  DTB’s Corporate, Regulatory, Employment, Dispute Resolution, IP, and Real Estate teams jointly performed comprehensive legal due diligence on the target company. DTB’s acquisition team consists, among others, of Senior Partner Mario Krka and Attorney Dominik Glavina.

DTB Supports Entain in the Largest Acquisition of all Times in Croatia and Wider Region

November 2022 Divjak, Topic, Bahtijarevic & Krka are proud to announce that after obtaining all regulatory approvals, Entain Plc., a global sports-betting, gaming, and interactive entertainment group, completed the takeover of SuperSport Group, the leading Croatian gaming and sportsbook operator with a 54% market share. This transaction is the largest all-time deal in the CEE region, with the value of the consideration of approximately €920 million and its implications exceeding not just Croatia, but also the entire CEE region. The acquisition was made through a partnership with EMMA Capital,…

DTB Assists PPD in Selling 50% Shares in TMF, Majority Shareholder of Petrokemija d.d.

November 2022  Divjak Topic Bahtijarevic & Krka (DTB) has assisted Prvo plinarsko drustvo, the leading subsidiary of the largest Croatian private company ENNA, in the disposal of its participation in joint venture company Terra Mineral Fertilizer Ltd. (“TMF”). TMF is the largest shareholder of the only Croatian fertilizer company - Petrokemija. The majority stake in Petrokemija has been sold to Turkish conglomerate Yildrim Group, and the completion of the transaction is subject to customary approvals of regulators in several jurisdictions. DTB has assisted Prvo plinarsko drustvo with…

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…

EBRD Provided EUR 50 Million Loan to the City of Zagreb

September 2022 The European Bank for Reconstruction and Development (EBRD) is providing a EUR 50 million loan to the City of Zagreb, the capital of Croatia and its largest city, to support its vital public utilities, including water and transport. The EBRD’s loan will be on-lent as working capital to two critical infrastructure providers: Zagrebacki Holding (ZGH), the municipal holding entity responsible for water supply and wastewater collection, waste management, management and maintenance of public areas and public roads in the city; and Zagrebacki elektricni tramvaj (ZET), the public…

EBRD Lends EUR 43 Million to Taaleri-ENCRO JV for Two Wind Farms in Croatia

September 2022 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…

LNG Terminal on the Island of Krk

May 2022 The aim of the project is to increase the security of supply and ensure sufficient quantities of natural gas for the needs of the Republic of Croatia and the countries of the region.  The project involves the construction of an LNG terminal with an area of ​​35 ha, with a capacity of 15 billion cubic meters of natural gas, and the possibility of accepting the largest LNG ships, with draft depths up to 18 m. Real estate status: Dina-Petrokemija d. D. In bankruptcy, maritime domain Implementation model: open negotiation opportunities.

Solar Power Plants in Croatia

May 2022 The first tender for solar power plants with an installed capacity of more than 500 kW (quota of 300,000 kW) was announced this year and causing a large increase in the development of solar power plant projects with higher capacities. One of the greatest solar potentials is that solar power plants are being built mostly in coastal and island areas, which Croatia has in abundance. For example, renewable energy sources are a very important component of the development of the Primorje-Gorski Kotar County and are contained in all strategic documents. The goal is to achieve a high share of…
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Greiner Packaging acquires 100% shares in Termoplast Grupa

April 2022 Greiner Packaging International GmbH, an international group with 692m EUR sales revenues and over 4,900 employees worldwide, has acquired 100% of shares in Termoplast Grupa. Termoplast Grupa is the 49% shareholder of Greiner Packaging Slovenia, the leading producer of plastic packaging solutions in the SEE region that has two production plants located in Serbia. Three SEE Legal member firms advised Termoplast Grupa on the transaction - BDK Advokati, Divjak Topic Bahtijarevic & Krka Law Firm, and SELIH & PARTNERJI Law Firm. 

Adriatic Gate Shopping Center

April 2022 The project involves the creation of a center with the public, cultural, entertainment, hotel, and residential facilities as a contribution to the development of tourism in the Kvarner region. It includes the construction of a shopping center with business premises, catering services, parking, a hotel with a wellness center, a multiplex with a congress center, leisure activities, and many other facilities. The project also includes the construction of a part of the road infrastructure and, in the next phase, the construction of a supermarket and two-car showrooms is also planned. The…

Delta and Port Baros – Rijeka Waterfront

April 2022 The conversion of port facilities into urban ones is based on the long-standing public and professional need for the integration of urban, residential, and commercial facilities in this area, i.e. on the need for active coexistence of the port and the city. By moving port activities from the Delta and Baros ports to other locations, the spatial and location potential of this area is directed towards creating a new and recognizable part of the city center which with its contents, appearance, and quality of public spaces will become a place of new city identity, active coexistence. with…

Rusevo Krmpotsko Wind Farm

April 2022 The main purpose of the project is the production of wind electricity. The construction of a wind farm as an environmentally friendly and available energy source would contribute to increasing the share of renewable energy sources in the Republic of Croatia, which is one of the priorities of the EU 2020 Strategy. The realisation of the project, in addition to the construction of energy conversion plants, includes the construction of individual plants related to the production of electricity from wind energy, such as one or more wind turbines with transformer stations and power lines,…