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Petrovic Legal Advises Hefestos Capital on Acquisition of TMK Europe

Petrovic Legal Advises Hefestos Capital on Acquisition of TMK Europe

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Petrovic Legal has advised Hefestos Capital on its acquisition of TMK Europe from undisclosed sellers.

TMK Europe is the majority shareholder of European pipe manufacturer TMK Artrom. Artrom is a seamless steel pipes manufacturer in southern Romania.

Hefestos Capital is an investment banking company in Southeast Europe.

The Petrovic Legal team was led by Partner Stefan Petrovic.

Editor's Note: After this article was published, Petrovic Legal announced that the seller was PAO TMK, a Russian company. 

"Despite the sanctions against Russia and Russian entities, we managed to find a way to conclude the sale and purchase agreement with the Russian entity in the European Union (Germany) in a legal manner and in accordance with the directives of the European Union and fulfill the obligations from the SPA fully," Petrovic Legal reported.

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