20
Sat, Apr
44 New Articles

CMS Advises 4iG on Vodafone Hungary Acquisition

CMS Advises 4iG on Vodafone Hungary Acquisition

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has advised 4iG on the acquisition of Vodafone Hungary together with Corvinus Nemzetkozi Befektetesi representing the Hungarian state. Slaughter & May reportedly advised Vodafone.

According to CMS, “the transaction, valued at around HUF 660 billion (approximately EUR 1.67 billion), will see 4iG become the majority owner of 51% of Vodafone Hungary, while the Hungarian state will acquire a 49% stake. With this acquisition, 4iG will expand its activities and become a major player in mobile telecommunications in Hungary.”

“We are delighted to have advised 4iG on this transaction, which is one of the most significant deals in the telecommunications sector in Central and Eastern Europe in recent years,” CMS Partner Helen Rodwell commented. “The acquisition will allow the company to play an even greater role in the country’s digital transformation, and we were excited to have been part of it.” 

The CMS team was led by Rodwell together with Managing Director Dora Petranyi, Of Counsel Emma Tuppen, Consultant David Cranfield, and Associate Yavor Danailov and included lawyers from the firm's Budapest and other European offices.

Editor’s Note: After this article was published, Lakatos Koves & Partners announced it had advised Vodafone, together with Slaughter and May. The LKT team included Partners Ivan Solyom and John Fenemore, Head of Tax Balazs Kantor, Counsel Pal Rahoty, Associate Gyorgy Toth, Lawyer Nora Szigeti, and Trainee Lawyers Soma Schober, Anna Handlery, and Nora Kertai.

The PK Law Office reportedly advised the Corvinus state holding company.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.