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Suciu Popa and CMS Advise on Ford's Sale of Craiova Plant to Ford Otosan

Suciu Popa and CMS Advise on Ford's Sale of Craiova Plant to Ford Otosan

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Suciu Popa has advised the Ford Motor Company on the sale of its Craiova assembly plant in southern Romania to its partner Ford Otosan in Turkey. CMS advised Ford Otosan.

The transaction is expected to close by the third quarter of 2022.

According to Ford, “through the transfer of ownership, the Craiova plant will benefit from a wide network of skills and know-how transfer through the vast experience of the Ford Otosan team in the design, development, and construction of commercial and electric vehicles.”

Suciu Popa’s team included Managing Partner Miruna Suciu and Partners Cleopatra Leahu, Mihai Caragui, and Dan Ciobanu.

The CMS team included Romania-based Managing Partner Horea Popescu, Partner Rodica Manea, Senior Counsel Laura Grigore, Counsel Claudia Nagy, Senior Associates Raluca Ionescu, Valentina Parvu, and Andrei Cristescu, Associates Catalin Vasile, Simona Strava, Cristina Ciomos, Alexandru Trandafir, and Sorin Predescu, and Lawyers Eduard Roventa and Bianca Banateanu, Poland-based Partner Iain Batty, and further team members in the Netherlands.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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