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MCL and Skubla & Partners Advise on Penta's Exit from Petit Press

MCL and Skubla & Partners Advise on Penta's Exit from Petit Press

Slovakia
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MCL has advised Marek Vaclavik and Petit Press directors Alexej Fulmek and Peter Macinga on their acquisition of a 5.5% stake in Petit Press from Slovakian finance group Penta. Skubla & Partners advised Penta on the deal, which also included the sale of Penta's remaining 34% stake in Petit Press to the Media Development and Investment Fund. Cernejova & Hrbek reportedly advised MDIF on the deal.

According to MCL, Petit Press is "a famous publishing house in Slovakia, which issues, among others, a well-known SME daily." According to the firm, "Penta’s exit from Petit Press sparked a lot of interest among the general public, which considered Penta’s shareholding very controversial."

MCL's team consisted of Partner Vojtech Palinkas, Senior Associate Simona Rapava, and Associate Martin Micak.

The Skubla & Partners team advising Penta on the sale of its 39.5% stake in Petit Press was led by Partner Marian Sulik and included Partner Martin Fabry.

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