Schoenherr has advised the Erste Group Bank on a EUR 300 million share buyback followed by a cancellation of treasury shares and the reduction of its share capital.
Rymarz Zdort Maruta and Clifford Chance Advise on Bank Pekao Financing for 28 Projekt Solartechnik Power Plants
Rymarz Zdort Maruta has advised Bank Polska Kasa Opieki on the financing for the construction of 28 photovoltaic farms located in Poland provided to subsidiaries of Projekt Solartechnik. Clifford Chance advised Project Solartechnik.
DTB and Mamic Peric Reberski Rimac Advise on EUR 31.2 Million Credit Facility for Dogus and Zadar Resort
Divjak Topic Bahtijarevic & Krka has advised borrower Zadar Resort and sponsor Dogus Croatia on a EUR 31.2 million loan with Privredna Banka Zagreb and the Croatian Bank for Reconstruction and Development as the mandated lead arrangers. Mamic Peric Reberski Rimac advised Privredna Banka Zagreb and the CBRD.
Vulic Law Advises International Finance Corporation on EUR 160 Million Financing for Drenik ND
Vulic Law, working with Gide, has advised the International Finance Corporation on its EUR 160 million financing for Serbia's Drenik ND. Wolf Theiss's Hungarian office reportedly advised the IFC as well.
Closing: Sale of Majority Stake in Ydrogios Insurance to Reale Group Now Closed
On February 21, 2024, Zepos & Yannopoulos announced that the sale of an approximately 77% stake in Ydrogios Insurance to the Reale Group (as reported by CEE Legal Matters on July 17, 2023) had closed.
A Year in Review: A Brief Analysis of the Serbian Banking Sector in 2023
As of the close of 2022, Serbia's banking sector faced challenges amid global economic conditions. The year 2023 brought its distinct set of obstacles, with a noteworthy slowdown in global inflation compared to the last quarter of 2022. However, the undeniable focal point is the war in Ukraine, triggering a faster inflationary spiral due to increased energy and food prices.
Bernitsas Advises Hoist Finance on Project Pearl Portfolio
Bernitsas has advised Hoist Finance on its purchase of the Pearl Portfolio – a retail NPL portfolio of unsecured and secured loans originated by Alpha Bank – in a secondary sale and transfer transaction.