CMS has advised the Local Government Investment Fund, managed by the Polish Development Fund, on its approximately PLN 100 million acquisition of a 25% stake in the Wodociagi I Kanalizacja water utility company from the city of Opole in Poland. Domanski Zakrzewski Palinka advised the city of Opole.
According to CMS, “the aim of the Local Government Investment Fund is to support local government in relation to their investments. The fund injects its capital into municipal companies active in water waste management, public transport, heating, and healthcare sectors.”
CMS's team included Partner Marcin Bejm, Senior Associate Mikolaj Markiewicz, and Lawyers Magdalena Kahan, Piotr Galazka, Patrycja Styczynska, and Karol Jaworecki.
The DZP team included Partner Tomasz Darowski and Senior Associate Michal Przychoda.