PRIVATIZATION. MERGERS AND ACQUISITIONS. DUE DILIGENCE

Mergers and Acquisitions

A significant part of our team profile has been formed in a number of mergers and acquisitions affecting private and listed companies in this country and abroad with particular attention to a most friendly tax effect for the client.

A few years ago we prepared the entire legal due diligence of Amoco Bulgaria and advised its purchase as a going concern by Shell Bulgaria Jsc.  

Later on we have completed legal due diligence of a number of real estates and took part both in negotiations and drafting the sale-purchase agreements concerning the petrol stations operating in Bulgaria under the brand of Litex Commerce, whereby we again rendered service to the purchaser Shell Bulgaria Jsc.

In 2007 our law firm consulted the deal whereby the Dutch company Stichting Tigrane, being a special purpose vehicle formed by Rubis Group, acquired the entire share capital of Shell Gas Bulgaria Jsc. within the scope of a larger-scale acquisition of the gas and gas products business of Royal Dutch Shell in five countries in Europe.

In 2006 our lawyers advised Eurohold Bulgaria Plc. in connection with acquisition of a majority stake in the investment intermediary Euro-Finance Jsc.

The same period 2006-2007 г. witnessed the completion of our work on consulting a series of acquisition deals of several car distributors in Bulgaria, namely the purchase of Griffin Jsc. (currently Scandinavia Motors Jsc.) being the exclusive importer of SAAB (one of the brands held worldwide by General Motors) on the territory of Bulgaria, the acquisition of controlling shareholding in Nissan-Sofia Ltd. (a significant distributor of Nissan and Renault in Bulgaria), the purchase of Cargomotors Jsc. which is of one of the good market-positioned distributors of Opel and Chevrolet in Bulgaria.  
In 2007 we advised the acquisition on the part of Eurohold Bulgaria Plc. of Axon Rent A Car Ltd. (currently Eurolease Rent A Car) which is the exclusive franchise partner of Budget Rent A Car on the territory of Bulgaria.
In 2005 the law firm provided counsel to the seller in the sale deal of the bottling company operating Bankya mineral source to the Coca Cola group.
Members of our team advised intricate issues related to one of the pioneer mergers in Bulgaria of public and private holding companies subject to all regulatory approvals of the Financial Supervision Commission and the Commission for Protection of Competition.
Our lawyers got involved and completed a share-purchase transaction with respect to a Cypress-domiciled company holding, via a Bulgarian subsidiary, business buildings with perfect location in Sofia.

The law firm has covered the legal matter in connection with several acquisitions on the part of Eurohold Bulgaria Plc. and Euroins Insurance Group Jsc. of controlling stakes in Asitrans Asigurari S.A., Romania (currently Euroins Romania Asigurari Reasigurari S.A.), Asitrans Leasing S.A, Romania (currently Eurolease Auto Romania S.A.) Macosped Osiguruvanje, Macedonia (currently Euroins Osiguruvanje, Macedonia) as well as a minority shareholding in Takovo Jsc., Serbia. We are also engaged with limited legal due diligence surveys of other target companies in the Balkan Region pursuant to the expansion strategy of Eurohold Bulgaria Plc. and Euroins Insurance Group Jsc. In 2009 the law firm advised the acquisition of the automobile holding “Avto Union” Jsc. controlling several automobile distributors having a significant market share in Bulgaria, as well as the sale of a class A business building with an approximate built-in area of 26 000 sq.m.
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