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Deloitte Legal Advises Shopper Park Plus on Budapest Stock Exchange Share Issuance

Deloitte Legal Advises Shopper Park Plus on Budapest Stock Exchange Share Issuance

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Deloitte Legal has advised Shopper Park Plus on its euro-denominated share issuance on the Budapest Stock Exchange. Huempfner & Associates and Allen & Overy reportedly advised on the matter as well.

Shopper Park Plus owns a portfolio of 18 retail properties in Central and Eastern Europe.

According to the Budapest Stock Exchange, this was the first ever Euro-based share issuance it has hosted.

"Through an initial public offering, Shopper Park Plus raised a total of EUR 37.2 million in capital, placing its shares into the BSE Premium Category [...] It aims to become the owner and operator of the biggest shopping park in the region in the medium term, and going public could do a lot to help it achieve this goal," the BSE announced.

The Deloitte Legal team included Partners Linda Al Sallami, Peter Gondocz, and Gabor Koka and Senior Associate Sara Rideg.

Editor's Note: After this article was published, Allen & Overy confirmed it had advised the IPO arrangers, OTP Bank and Concorde Securities. The firm's team included Counsel Norbert Hete and Associate Zsuzsanna Gordos.

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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.

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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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