Lovric Novokmet & Partners has advised the shareholders of Crnov-Commerce on its sale to Ricardo.
Crnov-Commerce is a family-owned road transport company based in Djakovo, Croatia.
Ricardo operates in Croatia’s road transport sector.
According to Lovric Novokmet & Partners, the transaction marks the exit of the sellers from the transport business, with the wholesale construction materials segment carved out of Crnov-Commerce prior to closing.
The Lovric Novokmet & Partners team included Partner Pavo Novokmet, Senior Associate Katarina Simac Tot, and Associate Ana Bosnjak.