CMS has advised a syndicate of banks led by ING Bank on the adjustment to the loan repayment terms under the USD 450 million pre-export facility for Ukraine’s Kernel Group. Allen & Overy reportedly advised Natixis, one of Kernel Group's creditors. White & Case reportedly advised the Kernel Group.
PeliPartners and CMS Advise on Mitiska REIM Sale of 25 Retail Parks in Romania to LCP Group
PeliPartners has advised Mitiska REIM on the sale of 25 retail parks in Romania to the LCP Group, part of M Core Property, for EUR 219 million. CMS advised M Core Property.
Vlasceanu & Partners and Wolf Theiss Advise on Raiffeisen EUR 60 Million Financing for Ratesti Solar Plant
Vlasceanu & Partners and Wolf Theiss have advised the Ratesti Solar Plant – an Econergy group and Nofar group subsidiary – on the EUR 60 million financing from Raiffeisen Bank International and Raiffeisen Bank Romania to finance part of its EUR 102 million 155-megawatt solar project in Ratesti, Romania. CMS reportedly advised Raiffeisen Bank.
Schoenherr Advises Borealis on Acquisition of Integra Plastics
Schoenherr has advised Borealis AG on the agreement to purchase Bulgarian polyethylene and polypropylene recycler Integra Plastics. Boyanov & Co and CMS reportedly advised on the deal as well.
CMS Advises on Astronergy’s Acquisition of Two Solar Projects in Bulgaria
CMS has advised Astronergy on the acquisition of the Karlovo and Novi Pazar greenfield solar projects in Bulgaria, with a combined capacity of 120 megawatts. Schoenherr reportedly advised the sellers.
Redcliffe Partners and Avellum Advise on USD 480 Million Loan to MHP
Redcliffe Partners has advised the IFC, EBRD, and DFC on their USD 480 million loan to Ukrainian poultry and grain producer MHP. Avellum advised MHP. CMS and Harneys reportedly advised the DFC and EBRD, with Harneys and Baker Botts reportedly advising the IFC.
CMS Advises Alder Investment III on Acquisition of Majority Stake in Insort
CMS has advised Nordic private equity fund Alder Investment III on the acquisition of a majority stake in Austrian food industry optical sorting company Insort. Herbst Kinsky reportedly advised the sellers.
Wolf Theiss Advises INVL Baltic Sea Growth Fund and Eco Baltia on mBank Financing for Metal-Plast Purchase
Wolf Theiss has advised the INVL Baltic Sea Growth Fund and Eco Baltia on the financing from mBank for the acquisition of a 70% stake in the Polish PVC window recycler Metal-Plast.
Allen & Overy and CMS Advise on EUR 125 Million Financing for G City Europe' Promenada in Warsaw
Allen & Overy has advised Bank Pekao and Berlin Hyp on a EUR 125 million financing to G City Europe for the Promenada shopping center in Warsaw. CMS advised G City Europe.
CMS and Baker McKenzie Advise on Refinancing of MOL Group's 2017 EUR 750 Million Multicurrency Revolving Credit Facility
CMS has advised coordinator and facility agent Raiffeisen Banking Group on the EUR 600 million nine-banking-group club multicurrency revolving credit facility for the MOL Group. Baker McKenzie advised the MOL Group on the deal. CMS also acted as transaction counsel on MOL's JPY 14.6 billion bilateral revolving credit facility and its EUR 50 million bilateral EUR/CNY revolving credit facility.
Harrisons and Karanovic & Partners Advise on EBRD's EUR 27.6 Million Loan to District Center and PKS-LATEX-HLC
Harrisons, working alongside CMS, has advised the EBRD on a EUR 27.6 million loan to District Center doo Beograd and PKS-LATEX-HLC doo Cacak. Karanovic and Partners advised District Center doo Beograd and PKS-LATEX-HLC doo Cacak.
CMS Advises Poland's BGK and KUKE on Direct Financing for Treasury of Republic of Rwanda
CMS has advised Bank Gospodarstwa Krajowego and Korporacja Ubezpieczen Kredytow Eksportowych on a EUR 23 million direct financing for the Treasury of the Republic of Rwanda for the purchase of a Poland-produced milk cooling system.
DGKV and Georgiev & Kolev Advise on TokWise EUR 3 Million Equity Investment Round Led by Encavis
Djingov Gouginski Kyutchukov & Velichkov has advised TokWise on its EUR 3 million equity investment round led by Encavis and including Vitosha Venture Partners-Fond I KD, KIC InnoEnergy SE, and Innovation Capital Fund KDA. Georgiev & Kolev advised Vitosha Venture Partners. CMS reportedly advised Encavis.
CMS Advises Naftogaz Slovakia on Bulgarian Natural Gas Trading License
CMS has advised Naftogaz Slovakia – the local subsidiary of the national gas company of Ukraine – on securing a natural gas trading license in Bulgaria.
The Debrief: November 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
White & Case, RTPR, and CMS Advise on MidEuropa's EUR 1.3 Billion Sale of Profi to Ahold Delhaize
White & Case and RTPR have advised MidEuropa on its EUR 1.3 billion sale of Romania's Profi supermarket chain to Dutch-Belgian listed retail and wholesale company Ahold Delhaize. CMS and, reportedly, GNP Guia Naghi & Partners advised Ahold Delhaize on the acquisition.
Albania Bets on Tourism, Renewables, and IT: A Buzz Interview with Mirko Daidone of CMS
Albania is undergoing transformation, with a burgeoning focus on tourism and renewable energy, according to CMS Managing Partner Mirko Daidone. While the legal frameworks are aligning with EU standards and the IT sector is thriving, affordability is decreasing and the country faces talent drain challenges.
CMS Successful for Alpha Solar Group and Alpha Solar Invest in Feed-in Tariff Dispute
CMS has successfully represented Slovakian renewable energy investors Alpha Solar Group and Alpha Solar Invest in a case against the Bulgarian state regarding the recovery of cut feed-in tariffs for operational photovoltaic plants in Bulgaria.