The regional law firm Wolf Theiss offered legal advice to the French media and publishing group Lagardère regarding the sale of its radio stations in Central and South Eastern Europe. Among the radio stations sold are Virgin Radio, Europa FM and Vibe FM, some of the most powerful radio brands in Romania. For this transaction Wolf Theiss offered legal advice to the seller on all aspects of the transaction in Romania, Poland, the Czech Republic and Slovakia.
Lagardère sold to Czech Media Invest its stake in its radio assets in Romania, Poland, the Czech Republic and Slovakia. The transaction was the first of a series of assets cedes that are part of the company's strategic reorganization process announced in March. The sale price of these assets was 73 million euros.
"It is a landmark transaction in the entertainment industry both in Romania and in our region," said Ileana Glodeanu, Partner and Coordinator of the Corporate / M & A Department at Wolf Theiss Bucharest office.
The Wolf Theiss Bucharest office team involved in this transaction included Ileana Glodeanu (Partner), Mircea Ciocirlea (Senior Lawyer), Luciana Tache (Associated Lawyer) and Costin Salaru (Associated Lawyer).