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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

Hungary
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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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