Partos & Noblet Hogan Lovells has advised the Vajda Papir Group on its HUF 22 billion syndicated loan arrangement with a Hungarian bank syndicate consisting of OTP Bank, UniCredit Bank Hungary, Eximbank, and the Hungarian Development Bank for project finance and general corporate purposes. The lenders were advised by CMS Budapest.
The Hogan Lovells team was led by Budapest-based Associated Partner Sandor Bekesi, assisted by Associate Gabor Koszo. Bekesi commented that: "We are proud to have assisted the Vajda Papir Group on this major transaction, which will enable them to establish their long planned new tissue paper mill and to become an integrated hygiene paper manufacturer also in Hungary."
The CMS team consisted of Partner Erika Papp, Of Counsel Eszter Torok, and Lawyer Mate Szekeres.