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Clifford Chance Badea Advises NEPI on Merger with Rockcastle

Clifford Chance Badea Advises NEPI on Merger with Rockcastle

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Clifford Chance Badea has advised New Europe Property Investments on its merger with Rockcastle Global Real Estate Company Limited to create NEPI Rockcastle Plc, which one analyst described as "the biggest investor on the commercial property market in Central and Eastern Europe and one of the ten largest companies of its type in Europe in terms of capitalization."

On July 12, 2017 its shares were successfully floated on stock exchanges in Johannesburg and Amsterdam. The market capitalization of the new entity exceeds EUR 6 billion.

In Central and Eastern Europe NEPI Rockcastle focuses on commercial real estate. The company is a major owner of projects in Romania, the fourth largest in Poland, and the second largest in Slovakia. It is also present in Croatia, the Czech Republic, and Serbia. NEPI Rockcastle owns and manages 51 properties worth approximately EUR 4 billion and has six properties under construction.

Badea Clifford Chance reports that it advised "NEPI throughout all steps of the deal, to ensure a swift and successful transaction covering complex legal matters ranging from transaction structuring, securities and public takeover rules, governance and management of conflicts in a number of jurisdictions, drafting the merger arrangements and advising on antitrust issues." The firm's team was led by Managing Partner Daniel Badea, supported by Partners Madalina Rachieru and Nadia Badea in Bucharest, Senior Associates Radu Ropota and Diana Crangasu, and Associates Gabriela Oprea and Radu Costin. Partner Nicholas Rees helped the team from London and Of Counsel Nick Fletcher from Warsaw.

After this article was published, Dentons announced that it had advised Rockcastle on the merger. The firm's team included Warsaw-based Partners Jakub Celinski and Pawel Grabowski and Bucharest-based Partners Perry Zizzi and Bogdan Papandopol.

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