Popovici Nitu & Asociatii advised Auchan on the acquisition of Tricodava platform

November 29, 2011

Popovici Nițu & Asociații advised Auchan Romania on the acquisition of a former industrial platform in Bucharest (the former factory Tricodava) from Spanish investor Pryconsa, in a multimillion transaction.

Our Firm also advised Auchan on the structuring and implementation of a very complex acquisition mechanism which involved the issuance of various payment instruments and payment guarantees by Romanian and foreign banks. The real estate is intended to be used for the development of a commercial center in southwestern Bucharest.

The 5-lawyer team was led by Bogdan C. Stoica, M&A/Corporate partner, and Irina Ivanciu, Senior Associate with Popovici Nițu & Asociații. The tax advice on the transaction has been conducted by Mihaela Pohaci, tax partner with Popovici Nițu & Asociații Tax SRL.

Over the last years, Popovici Nițu & Asociații advised Auchan in relation to various acquisitions which included (i) the acquisition of Craiova Electroputere Platform, for the development of Electroputere Shopping Center, (ii) the acquisition of Polus Constanta and Coresi Brasov Projects, as well as in relation to (iii) their hypermarket projects within the European Retail Parks in Bucharest, Targu Mures and Suceava.

Popovici Nițu & Asociații is acknowledged as “the transactional law firm” and has been reconfirmed for several times in the last years as the Number 1 M&A Law Firm. In addition, five partners of the Firm have been included in the M&A Top Forbes prepared by Forbes Romania, that listed the first 10 lawyers who had coordinated the largest number of M&A deals in 2010.

Popovici Nițu & Asociații is one of the main players on the legal services market, acting primarily in private transactions where it generally represents the interests of investors. Popovici Nițu & Asociații and Popovici Nițu & Asociații Tax SRL group more than 85 lawyers and tax advisors.



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