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DLA Piper Advises Aegean Airlines on Sale of Animawings to Romania's Christian Tour Holding

DLA Piper Advises Aegean Airlines on Sale of Animawings to Romania's Christian Tour Holding

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DLA Piper has advised Greek flag carrier Aegean Airlines on the sale of charter operator Animawings to Christian Tour Holding.

Animawings is a Romanian airline based at the Henri Coanda International Airport in Bucharest. It specializes in charter operations.

According to DLA Piper, Aegean Airlines had been the majority shareholder of Animawings for the last two years, after its acquisition of a majority stake from the Memento group (as reported by CEE Legal Matters on November 16, 2021).

Christian Tour Holding is the parent entity of Bucharest-based Christian Tour, a tourism sector company, travel agency, and tour operator.

The DLA Piper team included Country Managing Partner Marian Dinu, Counsel Razvan Pele, Senior Associate Bogdan Buta, and Associates Noemi Popa and Teodor-Cristian Sabau.

DLA Piper could not disclose additional information on the matter.

Editor's Note: After this article was published, BSMP Bohalteanu & Asociatii announced it had advised Christian Tour on taking over a 51% stake in Animawings. The firm's team included Managing Partner Ionut Bohalteanu, Partner Daniela Milculescu, Managing Associate Anda Calin, and Senior Associate Jessica Costache.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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