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News
01-08-2018 07:50
DGKV Closes a Landmark Telecom Deal


The Czech investment company PPF Group bought Telenor’s assets in Central and Eastern Europe (“CEE”) for EUR 2.8 billion on an enterprise value basis. This is a landmark transaction for the telecommunications sector in the CEE region since 2011 and it was completed on 31 July 2018.

DGKV in cooperation with White & Case as lead international counsel, advised PPF Group in the transaction concerning operations in Bulgaria. DGKV’s M&A team, together with White & Case LLP as lead international counsel, advised the largest private investment group in PPF a.s. (“PPF”) on the approx. EUR 810 million acquisition of the Bulgarian assets of Telenor. According to public data, the sale of Telenor’s assets in Central and Eastern Europe is the largest M&A transaction ever in the regional telecom sector! 

DGKV’s team provided comprehensive legal support, including structuring the transaction, legal due diligence of the target, and drafting the transaction documents. DGKV was also assigned to assist the client in obtaining the subsequent necessary regulatory approvals and/or permits regarding the acquisition. The team was led by Partner Violetta Kunze and included Partners Zdravka Ugrinova and Georgi Tzvetkov, Senior Associates Valentin Bojilov, Milka Ivanova, Lilia Kisseva, Silviya Apostolova, Kaloyan Krumov, and Vladislav Antonov, and Associates Lora Aleksandrova, Dimo Staykov, Kamen Gogov, Tsvetelina Bayraktarova, Galin Atanasoff, and Viktoriya Marincheva.

Source: www.dgkv.com
 
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