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Szabo Kelemen & Partners Advises on Sale of Hungary’s Largest Granary

Szabo Kelemen & Partners Advises on Sale of Hungary’s Largest Granary

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Szabo Kelemen and Partners has advised Adony Logisztikai Kozpont Kft. on the purchase of Hungary’s largest granary, located in the central Hungarian town of Adony. The firm also advised  the purchaser with the financing for the transaction.

The logistic and warehousing facilities under liquidation, previously owned by Magtarhaz Kikoto Kft., were sold in liquidation after several previously unsuccessful attempts.

In 2013, the Hungarian Government declared the company under liquidation to be a business enterprise of high strategic importance, making the National Reorganization Company the appointed liquidator. On the first occasion, the tender price was HUF 10.7 billion, which was reduced in subsequent tenders until Adony Logisztikai Kozpont's successful bid.

The Szabo Kelemen & Partners team was led by Attorney Laszlo Kelemen and included Partner Aron Somogyi and Legal Trainee Zsolt Eperjesi. The seller was represented by private practitioner Andras Rozman. 

Hungary Knowledge Partner

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.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

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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