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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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