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.