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.
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…
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…
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…
KG Law Firm Advised Resolute Asset Management Group in Acquiring Piraeus Real Estate Management SA
October 2022
KYRIAKIDES GEORGOPOULOS Law Firm advised Resolute Asset Management Group in acquiring Piraeus Real Estate Management SA and entering into a strategic alliance Service Level Agreement with Piraeus Bank.
The KG team was led by Theodore Rakintzis, Partner, Ioanna Kyriazi, Partner, and Maria Karampotsiou, Associate.
BOYANOV & Co. Advises Banks on Financing of ARICOMA Group’s Acquisition of Musala Soft
September 2022
BOYANOV & Co. advised a syndicate of banks led by Česká spořitelna and including Československá obchodní banka and Komerční banka on the Bulgarian law aspects of financing to support the acquisition by KKCG Group and its portfolio company ARICOMA Group International AB of Musala Soft, a prominent Bulgarian software company, and its subsidiaries.
ARICOMA Group is a leading Central European IT services provider with a significant Scandinavian presence. The company provides services to 1000+ clients in 18 markets from its 15 European delivery centers. With the acquisition…
Mercedes-Benz investment in Romania
August 2022
Mercedes-Benz is preparing a massive investment in Romania, worth nearly EUR 135 million, and has requested EUR 37 million in financial aid from the state for this purpose. In the spring, the group announced that it planned to develop some projects in Romania to switch to the production of components for electric vehicles, through major investments in the following period, according to the message transmitted to the Romanian authorities.
Potential Sale of Share in Cinkarna Celje
August 2022
It is expected that the Slovenian Bank Assets Management Company will soon attempt to sell their almost 13 % share in CINKARNA, Metalursko-kemicna Industrija Celje, d.d., a titanium dioxide pigment manufacturer and one of the largest chemical-processing companies in Slovenia.
Cinkarna was included in the list of companies for privatisation as early as 2013, and several attempts to sell the share have been made since – the last one about a year ago.
In September 2021, the estimated net profit for 2021 was EUR 27.1 million.
For 2022, Cinkarna plans EUR 204 million in sales revenue.…
Open Banking in a Closed Market
July 2022, BDK Advokati
In 2014, Serbia made a big step forward in aligning its payment services regulations with the EU rules. The Payment Services Act (Zakon o platnim uslugama), a local equivalent of the first Payment Services Directive (“PSD1“), was adopted, opening the doors of the industry to non-bank service providers. The acquis target then moved in early 2016, when the Revised Payment Services Directive (“PSD2“) entered into force, making a huge impact on the EU payment market. As there are already talks about a third Payment Services Directive being considered[1], now is an opportune…
Lantmannen Unibake Romania Plans to Invest EUR 100 million in a New Plant
July 2022
Lantmannen Unibake Romania, one of the biggest players in the local bread-making market, which makes hamburger and hot-dog buns for restaurant giant McDonald’s, plans to invest EUR 100 million in a new production unit in Ilfov County.
NNDKP Assists Marcos Provit in Connection with the Issuance of Corporate Bonds
May 2022
NNDKP assisted Marcos Provit, a local pharmaceutical services network, in issuing cross-border corporate bonds worth 8.5 million euros through private placement, under the coordination of the Polish private debt fund CVI.
The transaction aims at the strategic development of the company by ensuring the financing for potential acquisitions.
NNDKP was involved in the structuring, negotiation, and conclusion of the related documentation and provided assistance to the client throughout the transaction.
“Special thanks to our legal advisors at Nestor Nestor Diculescu Kingston Petersen…
BOYANOV & Co. and KALO & ASSOCIATES Advised on the Sale of One Telecommunications
March 2022
After having advised on the acquisition (including the acquisition financing) of One Telecommunications - the second-largest mobile operator in Albania, in 2019 from OTE / Deutsche Telekom and the refinancing of the original acquisition financing in 2021, at the end of 2021 and the beginning of 2022 BOYANOV & Co. and KALO & ASSOCIATES advised the sellers on the sale of One Telecommunications to the Hungarian IT service management company 4iG.
The transaction was successfully closed on 21 March 2022.
BOYANOV & Co.’s team was led by partner Damian Simeonov and included…
