Achievements

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.

Serbia & Montenegro

• on behalf of the Privatisation Agency of the Republic of Serbia, advised in the privatisation of World Bank-funded companies including
  • automotive parts companies,
  • drinks companies,
  • construction materials companies,
  • the Belgrade Bakery,
  • paper mills.
    
• advised Philip Morris International S.A. in the privatization of two tobacco companies in Serbia,
• advise Lukoil in the privatization of Beopetrol, a leading petroleum distributor.
• advise Raiffeisen Investments in the privatisation of six construction companies, and a metal processing holding company with 8 subsidiaries,
• advise EPIC Financial Advisors in the privatisation of two drinks companies and in the restructuring and privatization of a large paper and pulp company,
  
• legal advisor to
  • Carlsberg Breweries BV in its successful acquisition of the majority of the shares of the Calarevo Brewery,
  • Imerys SA in the potential acquisition of a mining and construction materials company,
  • Holcim S.A, a Swiss company, in the privatization of the Novi Popovac cement factory- the first privatization under the Privatization Law enacted in June 2001.
  • Danone S.A. on regulatory issues in the privatization of a major drinks company,
  • CET Financial Advisors in the privatisation of a pool of five companies engaged in the production of automotive parts.
  • Price Waterhouse Coopers Financial Advisors in the privatisation of a pool of five companies engaged in sugar production.