Further to the December 2023 amendments to the Romanian regime for screening inbound direct investments (that we previously covered here), which formally included EU investors within the scope of screening, the Romanian Parliament has adopted a new law (the “New Law”) to further strengthen the approach towards EU investors.

Dentons has advised CPI Property Group and its subsidiaries CPI FIM SA and Czech Property Investments on a partnership agreement to sell a 49% common equity stake in CPI Project Invest and Finance to funds managed by Sona Asset Management for EUR 250 million. A&O Shearman and, reportedly, Milbank advised Sona Asset Management. DLA Piper reportedly advised Aareal Bank on the deal.

CMS has advised Austria-based Rail Cargo Group on creating a joint venture with Serbia-based Transfera.

Turunc has advised Bogazici Ventures on its follow-on investment in Hiwell in a round that also saw Eksim Ventures, Unlu & Co, and Kinesis Teknoloji Yatirimlari join. Keco advised Hiwell. Gunduz & Gunduz reportedly advised Kinesis.

Wolf Theiss has advised the owners of Kecskemeti Konzerv on the sale of the company to Granit Group's subsidiary Agrar-Finance. Jalsovszky advised Granit Group.

Kinstellar and its Turkish affiliate KST Law have advised Grupo Antolin on the sale of a 45% stake in the Turkish joint venture Ototrim to its JV partner Diniz Holding. SEOR Law reportedly advised Diniz Holding.