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A&O and Stanek Vetrak & Partneri Advise on Vseobecna Uverova Banka's Real Estate Portfolio Sale and Leaseback

A&O and Stanek Vetrak & Partneri Advise on Vseobecna Uverova Banka's Real Estate Portfolio Sale and Leaseback

Slovakia
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Allen & Overy has advised Vseobecna Uverova Banka on the sale and leaseback of its real estate portfolio to the Czech Republic's Franco Real Estates s.r.o. Stanek Vetrak & Partneri advised Franco Real Estate on the deal, which was signed on June 12, 2019, and closed on October 7, 2019. 

Allen & Overy reports that the deal was structured as an asset sale and followed a lengthy auction process with multiple bidders, and that the final portfolio consisted of over 300 individual properties in more than 60 locations across Slovakia.

The Allen & Overy team was led by Partner Martin Magal and included Associate Drahomir Siroky and Junior Associate Michaela Nemethova.

The Stanek Vetrak & Partneri team included Partner Peter Vetrak and Senior Lawyers Nina Vargova and Jan Sopiak.

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