26
Fri, Apr
38 New Articles

AP Legal and CMS Advise Lenders on Victoria Group Loan Receivable Sale

AP Legal and CMS Advise Lenders on Victoria Group Loan Receivable Sale

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

AP Legal Belgrade and CMS Bucharest have advised the lenders of Victoria Group a.d. Beograd and its subsidiaries on the sale of its loan receivables to MK Group d.o.o. Belgrade. Jankovic, Popovic, Mitic advised the Victoria Group.

The lenders included UniCredit Bank Serbia a.d. Belgrade, Societe Generale Bank Serbia a.d. Belgrade, Komercijalna banka a.d. Belgrade, Credit Agricole Serbia a.d. Novi Sad, Eurobank a.d. Belgrade, Banca Intesa a.d. Belgrade, Erste Group Bank AG, IFC, and EBRD. The transaction value was not disclosed.

Accoridng to AP Legal, the entire restructuring process commenced in 2014 and ended in July 2018 when financial close of the sale of receivables to MK Group Belgrade took place.

The AP Legal team consisted of Counsels Aleksandar Preradovic and Aleksandra Jovic and Senior Associate Dusan Preradovic.

The CMS Romania team included Partner Simon Dayes, Associate Andreea Turcu, and Trainee Ellis Schindler.

Editor's Note: After this article was published, JPM informed CEE Legal Matters that its team consisted of Senior Partner Nenad Popovic and Senior Associates Irena Ikonic, Bojana Javoric and Jelena Milinovic.

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.