Wolf Theiss has advised Bank Gospodarstwa Krajowego on the financing of OT Logistics' expansion in Croatia. OT Logistics was advised by Wiewiorski Legal on the deal.
The PLN 125 million (EUR 30 million) BGK loan will be used to finance BGK's acquisition of Luka Rijeka d.d., the operator of the port in Croatia. The first tranche of the facility in the amount of PLN 46.6 million will be used to acquire an 11.75% stake of shares in the target company.
OT Logistics acquired the shares on September 7, 2017 by way of a block trade transaction concluded on the Zagreb Stock Exchange after a prior selection of its bid in a tender organized by the Croatian government.
"We are excited to be a part of this pioneering project in which a Polish company has acquired a stake in the largest port in Croatia," commented Stefan Feliniak, who led the Wolf Theiss team. "Financing this type of transaction is also a flagship task of BGK, which is a member of the Polish Development Fund."
Feliniak's team included Senior Associate Dariusz Harbaty, Associate Piotr Ziolkowski, and Klaudia Dabrowska in Warsaw, and Partner Luka Tadic-Colic, Counsel Vedrana Ivekovic, and Associate Lucia Mocibob of Wolf Theiss Zagreb.
The Wiewiorski Legal team was supervised by Partner Marcin Wojtasik, who also led the team along with Attorney Paulina Jeziorska.
