25
Sat, May
62 New Articles

LKT Advises Selena Group on Masterplast Collaboration

LKT Advises Selena Group on Masterplast Collaboration

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

Lakatos Koves & Partners has advised Polish listed company Selena Group on a strategic collaboration with Hungary's Masterplast to establish a glass wool factory in Szerencs. Peremiczki & Turi reportedly advised Masterplast.

Hungarian listed company Masterplast is an insulation material and construction industry product producer and distributor.

The Selena Group is a distributor of construction chemicals and a global producer of polyurethane foam.

According to LKT, within the framework of a strategic collaboration, the Selena Group is to acquire a 50% stake in the glass wool manufacturing project in the Hungarian town of Szerencs, where the companies will jointly establish the glass wool factory. "The establishment of the mineral-based thermal insulation manufacturing plant was previously initiated by Masterplast through the acquisition of PIMCO. In the ongoing production development project company, Selena will carry out a close to EUR 10 million capital increase, acquiring a 50% ownership stake, and together with Masterplast they will continue the investment."

The LKT team included Partner Ivan Solyom and Lawyers Botond Horvath, Balazs Rokob, and Viktoria Tamas.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

Our Latest Issue