MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

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Moskwa Jarmul Haladyj has advised the GI Group on the sale of its quota in Hungarian subsidiary ProHuman, the repayment of the banking consortium – BNP Paribas, PKO BP, Millennium, and Santander – and the completion of the court restructuring arrangement. Wardynski advised the banks on the deal.

According to MJH, “the purchase price for the ProHuman quota amounts to PLN 147.5 million. Additionally, the purchaser, Sun Group, is obliged to take over all GI Group Poland’s liabilities towards ProHuman. The transaction is expected to be closed by April 30, 2022. However, the GI Poland Group’s court restructuring arrangement has already been settled. Thus, the formal financial restructuring of GI Group Poland (former Work Service) has come to an end.”

MJH’s team included Partner Krzysztof Haladyj, Senior Counsels Pawel Cyganik and Iwo Klijewicz, Senior Associate Justyna Wigier, Associate Monika Knothe, and Junior Associate Jan Ambrozy.

Wardynski's team included Partner Lukasz Szegda, Senior Associates Mateusz Tusznio and Jakub Kokowski, and Junior Associate Filip Kurys.