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…
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SEE Legal Members Assist NIPPON EXPRESS HOLDINGS, Inc. in Acquiring the Shares of the Multiple Subsidiaries of Cargo-Partner Group Holding AG

May 2023 POLENAK Law Firm, NNDKP, and SELIH & Partnerji were part of the international team of advisors that assisted NIPPON EXPRESS HOLDINGS, Inc., one of the world’s leading logistics companies, in acquiring the shares of the multiple subsidiaries of Cargo-Partner Group Holding AG (Cargo-Partner), which provides global logistics services through its main business sites in Central and Eastern Europe. POLENAK Law Firm advised Nippon Express Holding Inc. on FDI reporting requirements. The team included Kristijan Polenak, Managing partner, and Tatjana Shishkovska, Partner. NNDKP advised…

NNDKP Assists CANCOM SE in the Acquisition of K-Businesscom-Group, with Operations in Romania

May 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted CANCOM SE, one of the leading integrated IT service providers in Germany, in the acquisition of K-Businesscom-Group and all its subsidiaries, Austria’s leading provider of IT&C solutions and services. The transaction will result in the creation of one of the largest IT corporations in the DACH region. The legal assistance provided by NNDKP consisted in conducting due diligence on K-Businesscom-Group’s subsidiary in Romania and its operations on the local market. NNDKP…

NNDKP Assists Holcim Romania With the Acquisition of Stones Business Development SRL

April 2023 Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Holcim Romania, one of the leaders in the construction materials industry in Romania, with the expansion of its aggregates division through the acquisition of 100% of the shares of Stones Business Development SRL, which operates an aggregate station and a sand and gravel mining exploitation. NNDKP assisted Holcim Romania in all phases of the transaction, from performing the due diligence analysis on the target company and its mining activities, to advising the client in the negotiation of the share sale-purchase agreement,…

NNDKP Successfully Assisted Grupo Bimbo with the Acquisition of Vel Pitar

March 2023 NNDKP confirms that Grupo Bimbo has included Romania in its global growth strategy and has completed the acquisition of Vel Pitar as a nation-wide development platform. NNDKP acted as local legal counsel for Grupo Bimbo, advising on all aspects of the acquisition of Vel Pitar, from transaction structuring to negotiation and completion. NNDKP assigned a multidisciplinary team specializing in agribusiness and food M&A (as well as day-to-day) assistance to advise on the transaction. The team was coordinated by Adriana I. Gaspar (Senior Partner), and included Corina Dumitru (Partner), George…

MedEuropa Plans Investment in Romania

March 2023 Swiss company MedEuropa plans to extend its coverage of the Romanian medical services market by developing new radiotherapy centres in two cities located in the eastern part of Romania, but also in the capital, where there is a growing demand for this type of medical services. The company has requested state aid for the two investment projects located outside Bucharest, and the total value of the investments exceeds RON 110 million (approx. EUR 22.2 million).

Continental Plans New Investment in Sibiu

March 2023 Continental announced that it planned to make new a new investment in Sibiu (around EUR 180 million, which is comparable to its 2022 investment) to extend its facilities and purchase new equipment for its engineering centres and tire and electronic component factories.

BA Glass Invests EUR 70 Million in New Glass Furnace and Warehouse

March 2023 BA Glass, one of the biggest producers of glass containers in Europe for the food and beverage industry, is preparing EUR 150 million investments in Romania. They will invest EUR 70 million in a new glass furnace in Bucharest and a warehouse of 25,000 square meters, which will be subsequently extended to a capacity of 55,000 square meters. Furthermore, the company has already planned the construction of another furnace in Bucharest, of a higher capacity, which will be ready in 2025.

Rombat Plans to Make a EUR 10 Million Investment

March 2023 Rombat, a local producer of car batteries, has planned to invest EUR 10 million in a new semi-automated line for manufacturing heavy-duty champion HD-FB batteries for heavy vehicles, as well as absorbent glass mat batteries for cars with start-stop technology. Additionally, a part of this investment will be used to develop two solar parks to optimize the company’s operational costs and make it more self-sufficient. The first solar park with a capacity of 4.2 MW will be co-funded by the authorities, under Romania’s National Recovery and Resilience Plan.

BENCOMP Invests EUR 2 Million in a New Facility in Arad

March 2023 BENCOMP, an industrial leader in composite wood production and main exporter of composite wood in Central and Southeast Europe, announced that it planned to develop a new facility in Arad. The total value of the investment in the new unit is estimated at over EUR 2 million.

Announced Military Procurement Plans

March 2023 Romanian authorities announced that EUR 3.5 billion would go into military procurement. The Romanian army intends to purchase protection equipment, drones, F-16 jets, armoured vehicles, and missiles. Also, the Minister of Defense has recently asked the Parliament to approve a EUR 10 billion military procurement plan. The army would like to purchase short-range air defense systems, artillery weapons and air-to-air missiles.

Optibelt Power Transmission Announces a EUR 11.7 Million Investment

March 2023 The German car parts manufacturer Optibelt Power Transmission, the local subsidiary of the German Arntz Optibelt group, has budgeted for this year an investment of EUR 11.7 million. The investment will focus on developing the power transmission plant located in the Maramures region.