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Noerr and Clifford Chance Advise on HKM Beteilingungs' Sale of Gratka to Ringier Axel Springer

Noerr and Clifford Chance Advise on HKM Beteilingungs' Sale of Gratka to Ringier Axel Springer

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Noerr has advised HKM Beteiligungs GmbH on the sale of 100% of shares in Gratka sp. z o.o.to Ringier Axel Springer Media AG, which was advised by Clifford Chance.

The deal also included a related transaction in which Ringier Axel Springer Media acquired MZN Property SA via tender offer. Gessel advised MZN minority shareholder Alterium Holding Sp. z o. o., on that deal.

Ringier Axel Springer Media currently manages a portfolio of over 200 digital and printed products in Poland, Hungary, Slovakia, Serbia, Estonia, Lithuania and Latvia. The company employs nearly 3,000 employees in Europe.

HKM is the owner of Polska Press Group -- one of Poland’s largest press publishers. Gratka operates a popular classifieds website in Poland that is directed to individual and business recipients, to buyers and sellers. In 2019, it had an average of 760,000 offers and was visited by 2.8 million users per month.

MZN Property manages a technological and financial platform enabling searching, financing, and making transactions on the real estate market.

Noerr’s team included Partner Thomas Schulz, Associated Partner Ludomir Biedecki, Counsel Agnieszka Besiekierska, and Associates Mateusz Slodczyk and Aleksandra Drozdz.

Clifford Chance's team included Partner Marcin Bartnicki, Counsel Mateusz Stepien, and Associate Aleksandra Wlaszczuk.

Gessel's team was supervised by Partner Malgorzata Badowska and led by Managing Associate Michal Bochowicz, and it included Senior Lawyers Julia Trzmielewska, Weronika Zdeb, and Krzysztof Jasinski.

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