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Hogan Lovells and CMS Advise on Syndicated Loan for Vajda Paper Group

Hogan Lovells and CMS Advises on Syndicated Loan for Vajda Paper Group


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.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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