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Karanovic & Partners and Schoenherr Advises on PPF Acquisition of Telenor Banka

Karanovic & Partners and Schoenherr Advises on PPF Acquisition of Telenor Banka

Serbia
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Karanovic & Partners has advised the Czech Republic's PPF Group on its acquisition of Telenor Banka, the first fully mobile and online bank operating in Serbia, from Norwegian mobile operator Telenor. Schoenherr and Latham & Watkins advised the sellers.

The PPF Group is the largest private investment group in CEE, and it invests into multiple market segments such as banking and financial services, telecommunications, mechanical engineering, biotechnology, insurance, real estate, and agriculture. 

Telenor Banka provides its services primarily to Telenor clients; currently, its portfolio includes more than 400,000 clients. At the end of 2018, the bank had assets under management worth EUR 135 million.

In 2018 Schoenherr advised Telenor and Karanovic & Partners advised the PPF Group on the latter's EUR 2.8 billion acquisition of Telenor’s assets in Central and Eastern Europe, which is shortlisted for CEE Deal of the Year in several of the countries involved as reported by CEE Legal Matters on February 6, 2019.

The Karanovic & Partners team in the Telenor Banka deal was led by Partner ⃰ Milos Jakovljevic and Associates ⃰ Sava Draca and Marija Vicic.

The Belgrade-based Schoenherr team was led by Partner Luka Lopicic and included Attorney at Law Ivan Kostic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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