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Wolf Theiss Advises Hisense on Takeover of Gorenje

Wolf Theiss Advises Hisense on Takeover of Gorenje

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Wolf Theiss has advised the Chinese home appliance producer Hisense on its takeover offer for 95% of the shares in Slovenian white-goods manufacturer Gorenje. Jadek & Pensa advised Gorenje on the sale. The transaction value exceeds EUR 250 million.

Among the selling institutional shareholders were Panasonic, the IFC, and Slovenian state-owned company KAD d.d. Final closing of the transaction is subject to clearance by competent antitrust authorities, including the European Commission.

According to Wolf Theiss, Gorenje is listed on the Ljubljana and Warsaw stock exchanges and has overall revenues of EUR 1.2 billion.

The Wolf Theiss teams were led by Slovenia Co-Managing Partner Markus Bruckmuller, Vienna-based Partner Gunter Bauer, and Poland Co-Managing Partner Ronald Given. The firm's team included, in Ljubljana, Partner Klemen Radosavljevic, Counsel Teja Balazic Jerovsek, and Associates Ziga Dolhar, Neja Nastran, Larisa Primozic, Primoz Sega, Martina Mahnic, and Tjasa Golobic Smon. The Vienna team included Counsel Jochen Anweiler, Senior Associate Jiayan Zhu, and Associates Nina Lenhard and Florian Prischl. The Belgrade team consisted of Counsel Vidak Kovacevic, Senior Associates Maja Stankovic, Marina Bulatovic, Marijana Zejakovic, and Associates Andjelka Todorovic, Aleksandra Andjelkovic, Tatjana Radivojevic, Marko Tesanovic, Aleksandar Ristic, and Marijana Zejakovic. The Prague team involved Counsel Jan Kotous and Associates Martin Kolacek, Barbara Timkova, and Klara Kovandova. The Warsaw team consisted of Partner Jacek Michalski and Counsel Dariusz Harbaty. Partner Adrian Ster led the Bucharest team, while Partner Naida Custovic and Associate Ilma Kasumagic worked from Sarajevo. The Tirana team included Partner Sokol Nako and Associate Denis Selimi. The Sofia team included Partner Anna Rizova and Senior Associate Hristina Dzhevlekova. The Kiev team consisted of Partner Taras Dumych, Senior Associate Olga Ivlyeva, and Associate Mykhailo Razuvaiev.