CMS has advised Hyundai Electric & Energy Systems on the sale of its Bulgarian subsidiary Hyundai Heavy Industries Co. Bulgaria AD to the IBG Group. EY Law reportedly advised the buyers.
Hyundai Heavy Industries Bulgaria develops, manufactures, and distributes transformers and tap changers for large-scale industrial applications. It operates a production facility in Sofia.
CMS's team in Bulgaria included Partner Gentscho Pavlov and Senior Associates Marin Drinov and Antonia Kehayova, while the firm's Germany-based team included Partners Martin Kolbinger, Peter Endres, Stefan Luft, Markus Hauser, and Bjorn Herbers, Attorney Michael Suh, Senior Associate Martin Maurer, and Associates Lukas Stegemann and Annika Lindemann.