Tuca Zbarcea & Asociatii has advised the international media group Ringier on its majority stake acquisition of Imobiliare.ro — Romania’s largest real estate portal. The sellers were assisted by Schoenherr on the deal.
Imobiliare.ro currently features over 103,000 real estate listings, which makes it the largest website on the Romanian online real estate market. The acquisition of an 87% stake in the portal by Ringier Romania from Realmedia Network S.A. - Broadhurst Investments Limited, Kurt Gotz, and the Imobiliare.ro management is part of the global media group’s diversification strategy.
The Tuca Zbarcea team assisting Ringier was led by Partner Dragos Apostol and included Senior Associates Ciprian Sararu, Roxana Pana, Gabriel Vasil, and Associates Gabriela Dinu and Veronica Sandar.
The Schoenherr team advising the sellers was led by Partner Madalina Neagu and included Attorneys at Law Alexandra Munteanu and Anda Tufan.
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