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.