The Romanian Competition Council (the "RCC") recently imposed a total penalty of EUR 1.1m on four companies for indulging in anticompetitive practices. The companies breached the competition rules by colluding to rig bids for winter road maintenance services organised by the National Company for the Management of Road Infrastructure.
Filip & Company has advised Digi Romania, DIGI Communications N.V., and DIGI Hungary on two medium-term loan facilities for an equivalent aggregate value of EUR 150 million from Citibank Europe plc, Romanian Branch, ING Bank N.V. Amsterdam and Bucharest Branches, and Unicredit Bank S.A. Linklaters reportedly advised the lenders on the deal.
Schoenherr's has advised Horizon Capital on its sale and private placement of a 22.7% stake in Purcari Wineries Plc for EUR 19 million, carried out through an accelerated book building process addressed to investors worldwide. RTPR Allen & Overy advised Wood & Company Financial Services, a.s., the coordinator and book-runner, and joint book-runners Raiffeisen Centrobank AG and Raiffeisen Bank S.A.
CEE Attorneys/Boanta, Gidei si Asociatii has advised Bunnyshell, a Romanian startup that develops technologies for cloud infrastructure management, on its receipt of EUR 750,000 funding from the Early Game Ventures investment fund and a business angel. Early Game Ventures Fund was advised by DLA Piper.
CMS has advised CEE Equity Partners, the Investment Advisor to the China CEE Investment Co-operation Fund II, on its majority acquisition of Farmavet-Pasteur Group, including its Pasteur Filiala Filipesti and Farmavet businesses and the animal food/fodder production business of FNC Nutritie Pietroiu.
November 7, 2019 I Athenee Palace Hilton I Bucharest, Romania.
Clifford Chance Badea has advised French investment fund AEW on the sale of the America House office building in Bucharest to the real estate investment division of Morgan Stanley and a group of Israeli investors represented by David Hay and the Promenada Mall Targu Mures to Hungary's Indotek Group. Tuca Zbarcea & Asociatii advised the buyers on the first deal and Biris Goran advised the buyers on the second.
DLA Piper has assisted Norwegian aluminum group Norsk Hydro ASA with the divestment of its Romanian extrusion plant, Hydro Extrusion SRL, to Hammerer Aluminium Industries GmbH. The transaction is expected to close by the end of 2019. NNDKP in Romania and Andersen Tax & Legal in Germany reportedly advised Hamerrer Aluminium on the deal.
Wolf Theiss Bucharest has advised Ingka Investments on its August 28, 2019 acquisition of an 80% shareholding in seven companies owning wind power plants with an aggregate installed capacity of 171MW from Vestas Wind Systems A/S, which retains the remaining 20% shareholding. Reff & Associates reportedly advised Vestas on the transaction, which was valued at approximately EUR 136 million and is expected to close by the end of the year.