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CMS Advises Hyundai Electric on Sale of Hyundai Heavy Industries Bulgaria

CMS Advises Hyundai Electric on Sale of Hyundai Heavy Industries Bulgaria

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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.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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