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.