Nestor Nestor Diculescu Kingston Petersen has advised Edenred, a company issuing cards and benefits vouchers for employees, on its acquisition of Benefit Online, an extended platform for flexible extra-wage benefits in Romania.
Technology is part of our lives. And technological development leaves its mark on our lifestyle. We saw that in our own homes when we gave up our traditional landlines and used the fixed broadband Internet connection instead, at higher and higher speeds. We see that when exploring the ever-expanding features and options of our mobile handsets. We also see that while viewing high definition programs or when accessing digital interactive services through our TV sets, and when faced with the option of placing calls using traditional services or through new applications. We can see the technological development when rural areas have access to electronic communications and are thus able to reap the benefits of the digital economy.
Popovici Nitu Stoica & Associates has advised Certinvest on the sale of Certinvest Pensii, which manages over ROM 75 million in an optional pension fund that has over 9,500 participants, to Banca Transilvania subsidiaries BT Asset Management SAI and BT Investments. Peli Partners reportedly advised Banca Transilvania on the deal.
Dentons has advised Raiffeisen Bank International AG and Raiffeisen Bank SA on a EUR 34 million facility agreement granted to VGP Park Timisoara SRL to refinance an industrial project, including four prime logistic buildings in Timis, Romania. Nestor Nestor Diculescu Kingston Petersen reportedly advised VGP Park on the deal.
The Romanian Competition Council (the "RCC") recently imposed a total penalty of EUR 1.1m on four companies for indulging in anticompetitive practices. The companies breached the competition rules by colluding to rig bids for winter road maintenance services organised by the National Company for the Management of Road Infrastructure.
Filip & Company has advised Digi Romania, DIGI Communications N.V., and DIGI Hungary on two medium-term loan facilities for an equivalent aggregate value of EUR 150 million from Citibank Europe plc, Romanian Branch, ING Bank N.V. Amsterdam and Bucharest Branches, and Unicredit Bank S.A. Linklaters reportedly advised the lenders on the deal.