DLA Piper has advised FIZAN Foreign Expansion Fund on the acquisition by its Recat subsidiary of a minority block of shares in Tesla Recycling from the Elemental Holding group. Elemental was advised by solo practitioner Maria Janicka.
DLA Piper has advised FIZAN Foreign Expansion Fund on its entrance into a joint venture with Poland's Elemental Holding to acquire a majority stake in PGM, a Texas company specializing in the treatment of used automotive and industrial catalytic converters. The firm also advised Bank Gospodarstwa Krajowego on financing for the acquisition.
On December 18, 2019, CEE Legal Matters reported that Scandinavia's Flugger group A/S acquired a 60% shareholding in Unicell, a paint manufacturer based in Poland. We reached out to Flugger’s Group General Counsel and Vice President, Torben Schwaner Dehlholm, for more details.
Clifford Chance has advised a consortium of Bank Pekao, PKO BP, Santander Bank Polska, and BNP Paribas Bank Polska on LPP S.A.'s bond issue program of up to PLN 300 million, including registration with the Central Securities Depository of Poland and introduction to the Alternative Trading System of the Warsaw Stock Exchange.
Gide Loyrette Nouel has advised KGHM Polska Miedz S.A. on a December 20, 2019 credit facility agreement in the amount of USD 1.5 billion with a consortium of banks including Bank Polska Kasa Opieki, Powszechna Kasa Oszczednosci Bank Polski, Intesa Sanpaolo, and Santander Bank Polska. The banks were advised by Allen & Overy.
Linklaters has advised UBM Development AG, an Austrian hotel developer listed on the Vienna Stock Exchange, on the forward sale of hotel properties in Krakow and Katowice toUnion Investment Institutional Property GmbH, and the properties will be owned by the fiduciary open-ended real estate fund UII EuropeanM.