15
Tue, Oct
45 New Articles

ZRVP Advises Transport Trade Services on Acquisition of Constanta Port Operator Decirom

ZRVP Advises Transport Trade Services on Acquisition of Constanta Port Operator Decirom

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

Zamfirescu Racoti Vasile & Partners has advised Transport Trade Services on the EUR 21.8 million acquisition of a 99.9% stake in Constanta port operator Decirom.

According to the firm, the acquisition of Decirom "marks the consolidation of TTS Group’s position as one of the most important players in the Romanian transport market and the largest freight carrier in the Danube basin."

Romania's TTS was set up in 1997 and offers multimodal transport services: river/maritime and land transport of bulk and packed commodities goods, freight forwarding from Constanta up to Kelheim, handling of goods and equipment in the Danube ports and Constanta, and door to door transportation.

Decirom has been active in the port of Constanta for over 70 years. It focuses on attracting new flows of goods (such as bulk goods requiring high productivity technology) and the diversification and development of new capacities for loading/unloading, especially in building materials, agricultural products, and metallurgical products. It works with over 100 corporate clients.

The ZRVP team included Partners Catalin Micu, Elena Iacob, and Ioana Hoeckl and Senior Associates Denisa Neamtiu, Oana Marinescu, Adina Rotaru, Alexandra Nania, Marcela Antoniu, and Laura Burtan.

ZRVP was unable to disclose further information on the deal.

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.

Our Latest Issue