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SPCG and Allen & Overy Advise on Sale of Obido to OLX Group

SPCG and Allen & Overy Advise on Sale of Obido to OLX Group

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Studnicki, Pleszka, Cwiakalski, Gorski has advised the shareholders of Obido Sp. z o.o, which runs a service connecting residential developers with potential clients, on the sale of the company to OLX Global B.V. Allen & Overy advised the OLX Group on the deal.

 OLX Global B.V. is a subsidiary of the OLX Group, which is a global network of trading platforms. The OLX Group is a division of Prosus, a global consumer Internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam and a secondary listing on the JSE Limited and is majority-owned by Naspers. 

According to SPCG, “the transaction will allow the OLX Group to develop its real estate offering by reaching home seekers and developers in new and even more effective ways in the primary market. For Obido, the deal offers new development opportunities as part of a global network.”

SPCG’s team included Partners Piotr Kaminski, Wawrzyniec Rajchel, and Adam Kostrzewa, Counsel Agnieszka Kolodziej-Arendarska, Associates Jakub Zielinski, Piotr Piotrowski, Grzegorz Keler, and Marcin Balicki, and Junior Associate Marta Szczawinska-Pogorzelska.

Allen & Overy's team was led by Senior Associate Joanna Kaleta-Szykut and included Partners Jaroslaw Iwanicki and Marta Sendrowicz, Senior Associates Maciej Szykut, Kamil Jablonski, and Elzbieta Krajewska, and Associates Jan Spierzak, Marcin Ziarkowski, Jakub Zabraniak, and Edyta Stopyra.

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