fbpx

Suciu Popa successfully assisted United Romania Breweries Bereprod (URBB), the Romanian subsidiary of the multinational group Central Bottling Company Ltd., the worldwide holder of an impressive portfolio of licenses pertaining to reputable global brands in the alcoholic and soft drinks sector (such as Carlsberg and Tuborg), in connection with the acquisition through a share deal of a plot of land with an area of over 46,000 m2, located near Bucharest, dedicated to the development and expansion of bottling capacities held on the local market.

The transaction was a complex one and it involved carrying out an extensive legal due diligence as well as structuring, negotiating and concluding multiple transaction documents (sale-purchase agreement, assignment agreement, guarantee agreements), as well as managing issues related to obtaining the necessary approvals and fulfilling the conditions precedent for the transaction completion.

Given the various restrictions imposed in the context of the pandemic both in Romania and in other countries of origin of the involved parties, a particular challenge was ensuring a smooth cooperation with multi-jurisdictional teams of lawyers and notaries from Romania, Israel and the Netherlands, in order to coordinate and successfully conclude the entire transaction process.

The team dedicated to this project was led by Miruna Suciu, Managing Partner and head of the Mergers & Acquisitions practice, together with Andrei Georgescu, Partner, and member of the Mergers & Acquisitions and IP practice, with the help of Mihai Cărăgui, Managing Associate and Lorena Vasvari, Associate, members of the Real Estate and Corporate teams of the firm. During the course of the transaction, Suciu Popa had the pleasure of cooperating with Goldfarb Seligman & Co., one of the largest law firms in Israel, with offices in Tel Aviv and Zurich, with which Suciu Popa has worked previously in a number of transactions.

Suciu Popa is one of the top law firms in Romania, with notable performances in all areas of business law, administrative and commercial disputes and arbitration, being constantly ranked as leading law firm in a variety of practice areas by both local and international guides Fuziuni&Achizitii, Energie, Banking & Finance, Real Estate, Projects, Competition, TMT, Employment, Taxation si litigii si arbitraje derivate in legatura cu aceste sectoare, such asMergers&Acquisitions, Energy, Oil&Gas, Banking & Finance, Real Estate, Projects, Competition, TMT, Employment, Taxation as well as litigation and arbitration in connection with these areas.