Rymarz Zdort has advised Cordia International on its PLN 229.4 million acquisition of a majority stake in Polnord S.A. DLA Piper advised Polnord on the deal.
Cordia International is a Hungarian construction and development company and a member of the Futureal group. It executes residential development projects in Poland, Romania, Hungary, and Spain.
Polnord is a Polish construction and development company operating on the residential and commercial property markets and is listed on the regulated market of the Warsaw Stock Exchange.
According to Rymarz Zdort, "the recapitalization allowed Polnord to fulfill its obligations under a credit loan agreement and maturing bonds. For Cordia, the Polnord acquisition is in line with its growth strategy in Poland."
Rymarz Zdort's team was led by Partners Pawel Zdort and Ewa Bober and included Partners Krzysztof Sajchta, Iwona Her, and Magdalena Pyzik-Walag, Senior Associates Leszek Cyganiewicz and Michal Milewski, Counsel Irmina Trybalska, and Associates Arkadiusz Karwala, Aleksander Jakubisiak, and Jakub Cichuta.
DLA Piper's team was led by Partner Jakub Domalik-Plakwicz and included Senior Associate Mateusz Zalenski, Counsel Wojciech Kalinowski, and Associate Adam Marszalek.
