Tuca Zbarcea & Asociatii has advised Elit Cugir on its sale of a 100% stake in two packaged meat manufacturers in Romania — Elit SRL and Vericom SRL — to the Smithfield Foods Inc unit of WH Group Ltd. Nestor Nestor Diculescu Kingston Petersen advised the buyers on the deal. Financial details were not disclosed, and the deals remain contingent on anti-monopoly approval from the relevant regulatory authorities.
Elit and Vericom operate three packaged meats manufacturing facilities and five distribution centers in Romania. They sell about 25,000 metric tons of packaged meats each year to 12,000 customers through a nationwide distribution network.
The TZA team was led by Partner Cornel Popa, supported primarily by Senior Associate Ruxandra Frangeti and Associate Oana Todeila.
The NNDKP team was coordinated by Senior Partner Adriana Gaspar and included Managing Associate Corina Dumitru.