Announced in July, 2014, the sale of Austria’s bauMax domestic chain to Adeo Group has been carried out on November 18.  Hence, the French group which operates on the Romanian market the Leroy Merlin Do-It-Yourself brand has taken over the 15 bauMax units subject of this transaction, located in Bucharest (2), Bacau, Brasov, Constanta, Craiova, Cluj Napoca (2), Iasi, Pitesti, Ploiesti, Sibiu, Suceava, Targu-Mures and Timisoara....more »

Biris Goran acted on behalf of Raiffeisen Evolution in the sale of Promenada Mall to to South-African fund New Europe Property Investments (NEPI), transaction amounting to 148 million euro. This is the largest transaction on the domestic real estate market in 2014 and the largest ever recorded in Bucharest involving a single property....more »

Dentons acted as legal counsel to P3, a Czech-based developer and manager of European logistics properties, on the acquisition of three logistics parks, one located in the capital city of Romania and two in Poland, from CA Immobilien Anlagen. The logistics park based in Bucharest, Europolis, is the largest of the three standing assets acquired by P3, consisting of 215,000 sqm of almost fully occupied space and 40 hectares of land. As regards the assets in Poland, the portfolio totals 252,000 sqm of lettable area and about 125 hectares of land....more »

According to the EY M&A barometer for 2013 the number of closed transactions in Romania is 147, with an estimated market size of abount 1.9 billion USD. This figure is about 39 percent higher than in 2012, but mainly due to the UniCredit Tiriac – RBS Bank transaction.  Silviu Stoica, Partner with Popovici Nitu & Asociatii talked to Which Lawyer in Romania about the current trends in Romania's M&A market ...more »

In a global market hitting $1.7 trillion in the first half of 2014, the highest value in the post-crisis period, Romania’s M&A market generates increasing interest reflected in some important deals closed since the beginning of the year. Yet, further major developments are little likely to happen in the coming months, especially since 2014 is an election year. Although there is no direct influence on the business environment, a state of waiting is perceived in the market, investors being prudent when it comes to M&A transactions. ...more »

The Austrian Do It Yourself chain bauMax has reached an agreement for selling its domestic chain comprising 15 stores to French-based Adeo Group, the sale, whose price has not been disclosed, being concluded through a “share deal” transaction, pending competition approval. Popovici Nitu & Asociatii has assisted the French party in this transaction, while Noerr acted as legal advisor of bauMax. The stores, subject of this transaction, are located in Bucharest (2), Bacau, Brasov, Constanta, Craiova, Cluj Napoca (2), Iasi, Pitesti, Ploiesti, Sibiu, Suceava, Targu-Mures and Timisoara....more »