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Kapolyi Advises AutoWallis on Public Offering

Kapolyi Advises AutoWallis on Public Offering

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Kapolyi has advised Budapest Stock Exchange Premium-listed automotive investor AutoWallis on preparing its latest public share issuance.

The firm will continue to advise on AutoWallis's retail share sale, between October 25 and November 9, as well as on its institutional share sale, from November 2 to November 9, 2021.

According to Kapolyi, car exchange and mobility service provider AutoWallis plans to raise funds in the amount of HUF 6-8 billion. The company presented the terms and conditions of the fundraising and its strategic objectives on October 14, 2021.

"By raising funds, the goal is to further expand the company's stock market weight, share liquidity, and turnover," AutoWallis CEO Gabor Ormosy commented. "We are confident that hundreds of new investors will join the now nearly 2,800 retail shareholders with the aim of supporting our growth strategy and participating in the success story of the Hungarian stock market car company."

Kapolyi also advised AutoWallis on its IPO and listing, in 2019 (as reported by CEE Legal Matters on February 14, 2019).

Editor's Note: On November 12, 2021, Kapolyi announced that the share issuance and sale had closed, at a price of HUF 117 per share, for a total subscription amount of HUF 10 billion.

After this article was published, Kinstellar announced that it had advised OTP Bank as the manager on the transaction. The firm's team was led by Partner Csilla Andreko and Counsel Levente Hegedus and included Associate Aron Barta and Junior Associate Veronika Heiszer.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

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The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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