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Karanovic & Partners Advises Brose on Acquisition of 23 Hectares of Land from Republic of Serbia

Karanovic & Partners Advise Brose on Acquisition of 23 Hectares of Land from Republic of Serbia

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Karanovic & Partners has advised family-owned automotive industry supplier Brose on the acquisition of 23 hectares of land from the Republic of Serbia for the construction of a plant and a research center that will produce automotive equipment.

According to Karanovic & Partners, “the construction of the factory will begin in three months, and the plant should start operations in January 2021. Brose will invest more than EUR 180 million in this project. It is envisaged that they will employ at least 1,100 full-time employees.”

The Karanovic & Partners team was led by Partner Petar Mitrovic and included Senior Associate Milorad Gajic and Junior Associate Katarina Tomic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

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

 

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