29
Fri, Mar
51 New Articles

Dentons Advises CPI Property Group on EUR 2.5 Billion Financing of Takeover Offer

Dentons Advises CPI Property Group on EUR 2.5 Billion Financing of Takeover Offer

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

Dentons has advised CPI Property Group on the EUR 2.5 billion bridge loan facility to finance its takeover offer for all outstanding shares and convertible bonds of Immofinanz AG. Linklaters reportedly advised the banks involved in the deal.

Lenders in the bridge loan facility include Banco Santander, Credit Suisse, Erste Group Bank, Goldman Sachs Bank, HSBC, Raiffeisen Bank International, Societe Generale / Komercni Banka, and UniCredit Bank.  

According to Dentons, “CPIPG announced its intention to launch an anticipatory mandatory takeover offer on December 3, 2021. Shareholders are to be offered EUR 21.20 in cash per Immofinanz share on a cum dividend basis.”

Dentons’ team included Prague-based Partner Jiri Tomola, Senior Associate Martin Mandulak, and Associate Ondrej Vales; Warsaw-based Partner Mark Segall; and further teams in Luxembourg and Munich.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.