Sectors
June 23, 2017 10:54
A Romanian subsidiary of Daimler Mobility Services, owner of mytaxi application and one of Europe's largest e-hailing company, announced the full acquisition of Clever Taxi application, thus becoming the 11th European country in which mytaxi operates. Clever Taxi was launched in 2010 by Mihai Rotaru and Alex Dumitru and operates in 20 cities in Romania with 17,000 registered drivers and over 600,000 users. ...more »
June 19, 2017 09:50
The Bucharest office of regional law firm Schoenherr, has provided legal assistance in the transaction through which IULIUS Group, the developer and operator of IULIUS network of shopping malls, partnered with Atterbury Europe.  The transaction regarded the creation of a 50/50 partnership between Atterbury Romania and Iulius Group for the operation of Iulius Mall Iasi, Iulius Mall Cluj, Iulius Mall Suceava, Iulius Mall Timisoara, the mixed – use urban regeneration project Openville Timisoara, as well as future development of similar projects in Romania....more »
May 05, 2017 13:03
Subsequent to Hili Ventures taking over, in 2016, through its division Premier Capital, McDonald's local operations, this year the group made its entrance in the office building area, by acquiring ART Business Centre from FBC Exclusiv Company. Located in the affluent Nordului neighbourhood in northern Bucharest, the nine-storey property adds 18,600 square meters of gross leasable area to the group’s international commercial real estate portfolio. ...more »
April 28, 2017 11:00
PeliFilip has provided legal advice to Digi Communications N.V. ("DIGI"), the majority shareholder of RCS & RDS SA, regarding the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Market at the Bucharest Stock Exchange, International Category. ...more »
April 24, 2017 15:37
NNDKP successfully represented the joint venture created by FCC CONSTRUCCION SA - ASTALDI SPA - CONTRATAS Y VENTAS, S.A. "CONVENSA” in the litigation centered on the award by Compania Națională de Căi Ferate "CFR" SA ("CFR") of the public procurement contract "Rehabilitation of the Frontieră – Curtici – Simeria Railway, part of the IVth Pan - European Corridor, for the circulation of trains with a maximum speed of 160 km/h, Section 3: Gurasada-Simeria"....more »
April 24, 2017 15:32
Following this transaction, which was completed on Wednesday 19 April, Octavian Radu acquired the  control over Postmaster SRL, a former subsidiary of the Österreichische Post AG Group, respectively on Total Post Mail Services and Total Post Services SRL, subsidiaries of Zoto Investments BV....more »
April 04, 2017 11:49
 Allen & Overy has advised the arranging banks on a financing for P&P Spearhead, a group engaged in the agricultural sector primarily in Central and Eastern Europe (CEE). The Mandated Lead Arrangers of the refinancing were Erste Group Bank AG, ING Bank N.V., Raiffeisen Bank Polska S.A., Bank BGŻ BNP Paribas S.A., Bank Zachodni WBK S.A. (a member of Santander Group) and Powszechna Kasa Oszczędności Bank Polski S.A....more »
March 01, 2017 14:27
Romanian M&A reached an eight-year high in deal volume with 45 deals, a spike of 41% year- on-year in volume, and a 60% jump in value with a combined deal value of €1.99bn shows a study released by Wolf Theiss and Merger Market.  The strong performance in 2016 came in spite of the political uncertainty generated by a parliamentary election in December, an indicator of the country’s growth potential, whichever party is in power. In fact, expansionist scal policy has played a central role in accelerating domestic demand, a key growth driver. A value-added tax cut from 24% to 20% in 2016 will be followed by a reduction to 19% in 2017, while there have been three increases in the minimum wage in 18 months....more »
February 14, 2017 14:40
SCA Zamfirescu Racoţi & Partners (ZRP), as lawyers and TPA Romania, as financial experts, both selected following a procurement procedure to ensure the representation of SAPE ( Societatea de Administrare a Participațiilor în Energie), obtained a final arbitration decision at the Paris International Chamber of Commerce (ICC), which granted in part SAPE's action against companies Enel Investment Holding BV and Enel S.p.A. (Enel), the latter being obliged to pay the sum of 401,209,541.29 Euro. ...more »
February 14, 2017 13:05
Mușat & Asociații assisted Mecaplast Group, one of the most important car components manufacturers in the world, for the purpose of expanding its business in Romania, by means of a „brownfield”-type investment.  The value of the project reaches approximately EUR 10 million and involves the inauguration of a plant in Romania, between Pitești and Mioveni, in 2017, destined to the manufacturing of car components for the new Duster. The investment in Romania involves all the industrial means necessary to develop new businesses, especially for engine parts and interior and exterior painted parts/elements....more »
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