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Karanovic & Partners and Schoenherr Advises on PPF Acquisition of Telenor Banka

Karanovic & Partners and Schoenherr Advises on PPF Acquisition of Telenor Banka

Serbia
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Karanovic & Partners has advised the Czech Republic's PPF Group on its acquisition of Telenor Banka, the first fully mobile and online bank operating in Serbia, from Norwegian mobile operator Telenor. Schoenherr and Latham & Watkins advised the sellers.

The PPF Group is the largest private investment group in CEE, and it invests into multiple market segments such as banking and financial services, telecommunications, mechanical engineering, biotechnology, insurance, real estate, and agriculture. 

Telenor Banka provides its services primarily to Telenor clients; currently, its portfolio includes more than 400,000 clients. At the end of 2018, the bank had assets under management worth EUR 135 million.

In 2018 Schoenherr advised Telenor and Karanovic & Partners advised the PPF Group on the latter's EUR 2.8 billion acquisition of Telenor’s assets in Central and Eastern Europe, which is shortlisted for CEE Deal of the Year in several of the countries involved as reported by CEE Legal Matters on February 6, 2019.

The Karanovic & Partners team in the Telenor Banka deal was led by Partner ⃰ Milos Jakovljevic and Associates ⃰ Sava Draca and Marija Vicic.

The Belgrade-based Schoenherr team was led by Partner Luka Lopicic and included Attorney at Law Ivan Kostic.

Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

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