Sorainen has advised Deutsche Bank and JP Morgan on the Republic of Lithuania’s EUR 1.2 billion international capital markets bond issuance. TGS Baltic and, reportedly, Dentons advised the Republic of Lithuania.
Rymarz Zdort Advises PKO Bank Polski on Sale of PKN Orlen Shares
Rymarz Zdort has advised PKO Bank Polski on the accelerated book-building transaction concerning the sale of shares in Polski Koncern Naftowy Orlen to domestic and foreign investors.
The Communique Allowing Shares of Non-Public Companies to be Traded in Venture Capital Market Coming Soon
With the Draft Communique on Principles Regarding Companies Whose Shares Will Be Traded on the Venture Capital Market [“Draft Communique”] published in the Official Gazette on 20 September 2022, it will be possible to sell shares of a non-public joint stock company to qualified investors on the stock with the status of a public company. The Draft Communique also regulates the liabilities and exemptions of such companies. It is expected to enter into force soon following collecting public opinion.
CMS Advises Volkswagen Financial Services on PLN 410 Million Bond Issuance
CMS has advised Volkswagen Financial Services on a PLN 410 million bond issuance under an updated bond program with a new total maximum of PLN 5 billion.
The Renaissance of the Bulgarian Capital Market
The year 2021 effectively brought back the Bulgarian capital market into the spotlight of public interest. Seven IPOs were listed on the Bulgarian Stock Exchange (BSE), raising a total of EUR 12 million, which is the highest number of offerings in 15 years, going back to the period before the 2008 financial crisis. There is only one reason for this development: the rise of the SME Growth Market – beam – where all said IPOs have taken place.
Allen & Overy and White & Case Advise on UniCredit Bank Czech Republic and Slovakia's Mortgage-Covered Bond Issuance
Allen & Overy has advised the UniCredit Bank Czech Republic and Slovakia on the update of its international mortgage-covered bond program and EUR 500 million issuance of mortgage-covered bonds. White & Case advised the joint lead managers.
Herbst Kinsky Advises Uniqa on Syndicate Agreement with Haselsteiner Group and Mandatory Tender Offer for Strabag Shares
Herbst Kinsky has advised the Uniqa Insurance Group on a syndicate agreement with Raiffeisen Holding Lower Austria-Vienna, Haselsteiner Privatstiftung, and Hans-Peter and Klemens Haselsteiner for maintaining the existing controlling interest in Strabag.