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Radu si Asociatii Advises Founders on Sale of Smart Diesel to DKV

Radu si Asociatii Advises Founders on Sale of Smart Diesel to DKV

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Radu si Asociatii has advised Ovidiu Andries and Daniel Imbre, founders of the Romanian gas station operator Smart Diesel, on the sale of the business to Germany’s DKV. Nestor Nestor Diculescu Kingston Petersen reportedly advised the buyer on the deal.

Financial details of the transaction, which is still subject to the approval of the Competition Council of Romania, were not disclosed.

DKV is a privately-held provider of fuel, toll payment, and VAT refund services across Europe.

Radu si Asociatii’s team consisted of Partner Radu Diaconu, Senior Managing Associate Stefan Mantea, Managing Associate Nicoleta Gheorghe, and Senior Associates Adina Nitescu and Claudia Grosu.

Editor's note: After this article was published, NNDKP informed CEE Legal Matters that it had advised DKV on the deal. The firm's team included Parners Ruxandra Bologa, Georgeta Dinu, and Alina Radu, Senior Associates Raluca Gabor and Anca Diaconu, and Associate Emanuel Flechea.

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