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In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.

Norton Rose Fulbright has advised Inter Cars S.A. and its group companies on a PLN 1.1 billion loan facility. Clifford Chance, working with Tark Grunte Sutkiene (TGS), Divjak, Topic & Bahtijarevic (DTB) and Montanios & Montanios, advised Bank Pekao S.A. (agent), mBank S.A. (security agent), and  Bank Handlowy w Warszawie S.A. (Citi Handlowy), ING Bank Slaski S.A., Bank BGZ BNP Paribas S.A., DNB Bank, and Caixa Bank as mandated lead arrangers on the facility.

A&O has advised Asahi Group Holdings, Ltd. on its share purchase agreement with Anheuser-Busch InBev to acquire businesses formerly owned by SABMiller Limited (formerly SABMiller plc) in the Czech Republic, Slovak Republic, Poland, Hungary, and Romania and other related assets that were owned by SABMiller prior to its combination with AB InBev. The transaction has an enterprise value of EUR 7.3 billion, subject to customary adjustments. Freshfields Bruckhaus Deringer advised AB InBev on the deal, as well as on its combination with SABMiller and across the related disposal commitments made to competition authorities.

Allen and Overy has advised HB Reavis on the sale of the Twin City A building in Bratislava to the Prvy Realitny fond managed by IAD Investments.  The price of the deal was not disclosed. HB Reavis said that the yield was approximately 6.5%. Havel Holasek & Partners advised the buyers on the deal.

Schoenherr has advised Immofinanz AG on the expansion of its STOP SHOP retail park portfolio in Slovakia through the acquisition of six shopping centers from the Austrian WM Group, which was represented by CHSH in Austria and by bpv Braun Partners in Slovakia. The financial terms of the transaction were not disclosed. The framework purchase agreement was signed on October 28, 2016, with closing of the transaction expected in the first quarter of 2017.

In 2014, the European Parliament and the Council adopted Directive 2014/67/EU (the “Directive”) on the enforcement of Directive 96/71/EC concerning the posting of employees in the framework of the provision of services and amending Regulation No. 1024/2012 on administrative cooperation through the Internal Market Information System.

Schoenherr has advised Italian private equity firm Quadrivio SGR S.p.A. on the Hungarian and Slovakian legal aspects of the acquisition of a 70% stake in Farmol S.p.A., and its Hungarian subsidiary Farmol Hungary Kft, from Old Mill Holding S.p.A., an Italian investment holding company. The consideration was not disclosed, and the founders and management team of Farmol will retain the remaining 30% equity stake. The closing of the transaction was announced on October 21, 2016.

White & Case has advised P3 Logistic Parks (P3) and global investment company TPG Real Estate and developer Ivanhoe Cambridge on the sale of P3 to GIC, a sovereign wealth fund established by the government of Singapore. Kirkland & Ellis advised GIC on the EUR 2.4 billion deal, which White & Case describes as "the largest deal on the European real estate market this year, and the largest real estate deal in the Czech Republic ever."

Cechova & Partners has announced the arrival of new Partner Lenka Subenikova to the firm. Subenikova will advise clients in various fields of M&A, real estate, and employment, and will be in charge of the firm’s German desk.

Allen & Overy has announced that it advised a consortium consisting of Macquarie Infrastructure and Real Assets (Europe) Limited (MIRA) and other global investors on the acquisition of a 30% interest in EP Infrastructure from Energeticky a Prumyslovy Holding, a.s. (EPH). The deal remains conditional on German and Austrian competition approvals, as well as a restructuring of EPH.

Dentons has advised P3 Logistic Parks on Polish and Romanian aspects of a EUR 1.4 billion pan-European refinancing of its logistics portfolio, with White & Case advising P3 on Czech and Slovakian aspects and Freshfields advising P3 on separate facilities for Western Europe (including Poland). Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent (advised by Allen & Overy), in Romania by Raiffeisen Bank International (advised by CMS), and in the Czech Republic and Slovakia by CSOB, CSOB Slovakia, Komercni Banka, UniCredit Bank, and Ceska Sporitelna (all advised by Clifford Chance).

In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.

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