Savoric & Partners has advised Croatian retail chain company Studenac on its acquisition of Lonia Trgovina. Planinic Soljic and Partners advised the sellers.
Studenac is a Croatian chain of 750 stores, in more than 500 locations. According to Savoric & Partners, the acquisition of Lonia Trgovina is the biggest acquisition for Studenac, adding almost 300 stores and expanding its network to more than 1,000 stores. The acquisition represents a “horizontal concentration on the retail market of mixed goods, mostly food, beverages, and sanitary products, in the town of Zagreb and in the counties of Zagreb, Sisak-Moslavina, Bjelovar-Bilogorska, Pozega-Slavonija, Brod-Posavina, Karlovac, Varazdin, and Koprivnica-Krizevci.”
Savoric & Partners’ team included Partners Nina Radic Kuzik and Mia Lazic, Senior Associates Marko Kruc, Ivan Ivkovic, Natasa Trbovic, and Sandra Tomaskovic, and Associates Nives Kolonic and Martin Hren.
The Planinic Soljic and Partners team included Partners Ivana Semov-Siljeg, Kresimir Planinic, and Domagoj Soljic and Associate Fran Markic.
Editor's Note: After this article was published, Clifford Chance announced that it had advised Bank Pekao and the European Bank for Reconstruction and Development on the financing provided to Studenac for the purposes of the acquisition. The firm's Warsaw-based team included Partner Andrzej Stosio, Counsel Irena Floras-Goode, and Associates Piotr Weclawowicz, Artur Gladysz, Aleksander Smakosz, and Aleksandra Sierac.
