Bucharest - 10 octombrie 2013
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Leading law firm Schoenherr advised Raiffeisen Leasing Romania on the acquisition of a part of the portfolio of ING Lease Romania. Completion of the transaction is subject to approval by Romania’s Competition Council, which is expected at the beginning of 2014. Schoenherr supported the client in the legal due diligence exercise, as well as in drafting and negotiating the transaction documents.
The structure of the portfolio acquired from ING Lease Romania, according to the type of financed goods, is as follows: vehicles 49.7%, equipment 31.6%, and real estate 18.7%. Raiffeisen Leasing is member of the Austrian financial group Raiffeisen.
„We were happy to be part of this challenging process that involved the first transfer of a leasing portfolio on the Romanian market, we are looking forward to achieving the closing conditions and allowing the project to move ahead to the implementation phase as soon as possible,” said Madalina Neagu, Partner, who coordinated the team of lawyers from Schoenherr’s Bucharest office.
The Schoenherr team also included Matei Florea and Catalin Suliman (Partners, Schoenherr si Asociatii), and Theodor Artenie (Managing Director, Schoenherr Tax Bucharest).
Schoenherr is a leading corporate law firm with a strong base in Central Europe. From offices in Belgrade, Bratislava, Brussels, Bucharest, Budapest, Chisinau, Istanbul, Ljubljana, Kyiv, Prague, Sofia, Vienna, Warsaw and Zagreb more than 300 professionals provide legal services to national and international clients. The firm has a long standing tradition of advising clients in all fields of commercial law providing seamless service that transcends national and company borders. The combination of high quality advice and efficient problem solving in complex commercial mandates and transactions is at the heart of Schoenherr's philosophy. In all jurisdictions, Schoenherr's operations correspond with the local legal standards and rules of conduct.
Contact:
Raluca Lupu
PR
T: + 40 21 319 6790
E: r.lupu@schoenherr.eu
http://www.schoenherr.eu/
Cuvinte cheie:
Schoenherr consultant Raiffeisen ING Lease