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Wolf Theiss Advises BKM on Consolidating Ownership of Public Lighting in Budapest

Wolf Theiss Advises BKM on Consolidating Ownership of Public Lighting in Budapest

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Wolf Theiss has advised Budapest Municipality-owned BKM Budapest Public Utilities Nonprofit on its acquisition of E.On Hungaria's 50% stake in BDK Budapest Decorative and Public Lighting.

According to Wolf Theiss, "BDK was previously jointly owned 50-50% by the Municipality of Budapest and E.On. Through the acquisition of E.On's stake in the company, the city's public and decorative lighting will have a single owner, thus ensuring higher quality, along with more modern and cheaper lighting in Hungary's capital."

The Wolf Theiss team included Counsel Norbert Balint, Senior Associate Zoltan Bodog, and Associate Reka Deak.

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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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