CMS has advised 4iG on the acquisition of Vodafone Hungary together with Corvinus Nemzetkozi Befektetesi representing the Hungarian state. Slaughter & May reportedly advised Vodafone.
According to CMS, “the transaction, valued at around HUF 660 billion (approximately EUR 1.67 billion), will see 4iG become the majority owner of 51% of Vodafone Hungary, while the Hungarian state will acquire a 49% stake. With this acquisition, 4iG will expand its activities and become a major player in mobile telecommunications in Hungary.”
“We are delighted to have advised 4iG on this transaction, which is one of the most significant deals in the telecommunications sector in Central and Eastern Europe in recent years,” CMS Partner Helen Rodwell commented. “The acquisition will allow the company to play an even greater role in the country’s digital transformation, and we were excited to have been part of it.”
The CMS team was led by Rodwell together with Managing Director Dora Petranyi, Of Counsel Emma Tuppen, Consultant David Cranfield, and Associate Yavor Danailov and included lawyers from the firm's Budapest and other European offices.
Editor’s Note: After this article was published, Lakatos Koves & Partners announced it had advised Vodafone, together with Slaughter and May. The LKT team included Partners Ivan Solyom and John Fenemore, Head of Tax Balazs Kantor, Counsel Pal Rahoty, Associate Gyorgy Toth, Lawyer Nora Szigeti, and Trainee Lawyers Soma Schober, Anna Handlery, and Nora Kertai.
The PK Law Office reportedly advised the Corvinus state holding company.