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Wolf Theiss Advises BKM on Consolidating Ownership of Public Lighting in Budapest

Wolf Theiss Advises BKM on Consolidating Ownership of Public Lighting in Budapest

Hungary
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Wolf Theiss has advised Budapest Municipality-owned BKM Budapest Public Utilities Nonprofit on its acquisition of E.On Hungaria's 50% stake in BDK Budapest Decorative and Public Lighting.

According to Wolf Theiss, "BDK was previously jointly owned 50-50% by the Municipality of Budapest and E.On. Through the acquisition of E.On's stake in the company, the city's public and decorative lighting will have a single owner, thus ensuring higher quality, along with more modern and cheaper lighting in Hungary's capital."

The Wolf Theiss team included Counsel Norbert Balint, Senior Associate Zoltan Bodog, and Associate Reka Deak.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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