Radu Taracila Padurari Retevoescu has advised Evolution Prest Systems – owner of the evomag.ro e-commerce website – on its acquisition of a majority stake in Elefant Online. The same firm advised Elefant minority shareholder Catalyst Romania on the sale of its stake to Evomag.
The transaction remains contingent on regulatory approval.
Evomag specializes in the online retail of information technology and telecommunication products and fast-moving consumer goods. Elefant Online operates elefant.ro, an online store specializing in books, toys, cosmetics, accessories, and more.