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Filip & Company Advises One United Properties on Share Capital Increase

Filip & Company Advises One United Properties on Share Capital Increase

Romania
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Filip & Company has advised Bucharest Stock Exchange-listed One United Properties on its share capital increase.

"The process consisted of two stages: the first, with existing shareholders subscribing on the basis of pre-emptive rights, and the second stage, with new investors participating in the private placement," Filip & Company informed. "The final price per share for both stages was set at RON 1.25."

One United Properties is an investor and developer of residential, mixed-use, commercial, and office real estate in Bucharest.

"One United is one of the most dynamic issuers in our market," Filip & Company Partner Alexandru Birsan commented. "This fundraising in difficult market conditions is something very few could have achieved, a testament to their courage and creativity, and puts them in an enviable position to continue to be an extremely active player in the real estate market."

Last year, Filip & Company advised One United Properties on its Bucharest Stock Exchange IPO (as reported by CEE Legal Matters on July 14, 2021).  

The Filip & Company team was led by Birsan and Partner Olga Nita and included Senior Associate Roxana Diaconu and Asssociates Anca Badescu, Rares Crismaru, and Daria Olteanu.

Filip & Company at a Glance

Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses.

To find out more about Filip & Company’s expertise areas and team, please visit https://filipandcompany.com/