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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. 

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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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