Privatization


Albania

  • have acted for both private clients and the government in various privatization deals including
    • the biggest national brewery in Albania – acted for Athenian Brewery, a Heineken subsidiary
    • the biggest cement factory in Albania – acted for Lafarge - Heracles General Cement Co.
    • the biggest second-tier bank in Albania – act for the Ministry of Finance
  • performed due diligence of
    • the Tirana International Hotel as local counsel selected by the EBRD
    • the building of a hydro power plant on Vjosa River by EnelPower and B.E.G. S. p.A.

Bulgaria

  • part of a consortium of advisers led by BNP Paribas in the privatization of the seven electricity distribution companies operating in Bulgaria,
  • advised potential buyers in two major investments
    • the privatization of the Bulgarian tobacco giant Bulgartabac AD,
    • the Bulgarian Telecommunication Company,
  • assisted in
    • the successful privatisation of the largest Bulgarian bank Bulbank by UniCredito Italiano – one of the largest privatisation projects up to date,
    • the privatisation of the second largest bank in Bulgaria United Bulgarian Bank by a strategic investor,
    • the privatisation procedure of the tobacco monopolist Bulgartabac Holding AD,
    • the acquisition of the Sofia flour mill Melnichen Kombinat AD by foreign investors,
    • the acquisition of the third largest electric hoists manufacturer in Europe Podem AD, Gabrovo by a foreign investor,
    • the privatisation of the company exploiting the biggest operational gold-copper-pyrite mine in Europe Chelopech EAD,
    • the acquisition of one of the major state-owned banks in Bulgaria Hebrosbank AD,
    • the privatisation of Expressbank AD.

R. Macedonia

  • assisted in the privatization process in Macedonia from the very beginning,
  • advised and solicited buyers in the privatization of the major companies and banks in Macedonia
    • local counsel of the buyers in the privatization of Stopanska Banka AD Skopje,
    • advised the Seller in the acquisition of Kreditna Banka AD Skopje,
    • advised the EBRD in the acquisition of Komercijalna Banka AD Skopje.
  • local counsel to the government in the largest foreign investment in Macedonia – the sale of the majority stake in the Macedonian Telecommunications AD Skopje to MATAV Rt. from Hungary, member of Deutsche Telecom group
  • acted as legal counsel to the Macedonian Privatization Agency.

Romania

  • advise in the pre-privatization and privatization of four electrical distribution companies,
  • local counsel to
    • the Romanian government on the privatization process of Romania's largest bank, Romanian Commercial Bank,
    • RadiciNylon S.p.A., a member of the Radici Group of Italy, in the acquisition from of Fibrex S.A., a publicly traded company and the leading Romanian manufacturer of synthetic fibers,
    • Kraft International Foods in the acquisition of a Romanian confectionery,
    • Lafarge S. A. in the USD 200 million acquisition of Romania’s premier cement company,
    • Romanian Ministry of Communications, as part of the Goldman Sachs international consortium, in the restructuring and privatization of RomTelecom R. A.,
    • the Romanian State Ownership Fund in the privatization of BancPost S. A.,
    • Procter & Gamble in the acquisition of a Romanian detergent manufacturing company,
    • Trinity Industries in the acquisition of a controlling interest in the Romanian train wagon manufacturer Astra S. A.,
    • Villeroy & Boch in the acquisition of the controlling equity interest in the Romanian tile, brick, and porcelain manufacturing group Mondial S. A.,
    • National Agency for Privatization as part of an international consortium on due diligence, valuation and consulting services in connection with a public offering of equity in Romania’s premier brewery Ursus S. A.
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