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Tuca Zbarcea & Asociatii acts on Smithfield Foods-Elit Cugir deal in Romania The news was published by Reuters - https://uk.reuters.com/article/uk-wh-group-romania-acquisitions/chinas-wh-group-to-buy-romanian-meat-producers-in-europe-push-idUKKCN1C1022 Romanian independent law firm Tuca Zbarcea & Asociatii acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. Romanian independent law firm Tuca Zbarcea & Asociatii acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. Smithfield Foods Inc is part of the world's largest pork supplier, WH Group Ltd, that seeks to expand its operations in Europe. Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now. Tuca Zbarcea & Asociatii has assisted the seller, with a team coordinated by Cornel Popa, Partner, alongside two other lawyers who played a significant role in the transaction, i.e., Ruxandra Frangeti, Senior Associate and Oana Todeila, Associate.
September 26, 2017
Țuca Zbârcea & Asociații acts on Smithfield Foods-Elit Cugir deal in Romania

The news was published by Reuters - https://uk.reuters.com/article/uk-wh-group-romania-acquisitions/chinas-wh-group-to-buy-romanian-meat-producers-in-europe-push-idUKKCN1C1022

Romanian independent law firm Țuca Zbârcea & Asociații acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. [+]

Romanian independent law firm Țuca Zbârcea & Asociații acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc.

Smithfield Foods Inc is part of the world's largest pork supplier, WH Group Ltd, that seeks to expand its operations in Europe. Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now.

Țuca Zbârcea & Asociații has assisted the seller, with a team coordinated by Cornel Popa, Partner, alongside two other lawyers who played a significant role in the transaction, i.e., Ruxandra Frangeti, Senior Associate and Oana Todeilă, Associate.

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Tuca Zbarcea & Asociatii assists Fortuna Entertainment Group N.V. in closing of Romanian transaction The news was published by Fortuna Entertainment Group NV - http://www.fortunagroup.eu/public/69/13/8c/766626_1354266__2017_09_01_closing_Fortbet_final.pdf Tuca Zbarcea & Asociatii advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. Fortuna Entertainment Group N.V., through Fortuna Romania, became one of the fastest growing gambling operator in Romania having expanded significantly in the recent years its bet shops network and having entered also on the online gambling and offline slots markets. Tuca Zbarcea & Asociatii advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. The team of lawyers coordinated by Partner Cristian Radu has performed an in-depth legal due-diligence exercise and has assisted in the structuring of the transaction and, respectively, the drafting and negotiation of the transaction documents, as well as advising the client in connection with the closing procedures and the satisfaction of the commitments towards the financing banks.
September 6, 2017
Țuca Zbârcea & Asociații assists Fortuna Entertainment Group N.V. in closing of Romanian transaction

The news was published by Fortuna Entertainment Group NV - http://www.fortunagroup.eu/public/69/13/8c/766626_1354266__2017_09_01_closing_Fortbet_final.pdf

Țuca Zbârcea & Asociații advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. [+]

Fortuna Entertainment Group N.V., through Fortuna Romania, became one of the fastest growing gambling operator in Romania having expanded significantly in the recent years its bet shops network and having entered also on the online gambling and offline slots markets.

Țuca Zbârcea & Asociații advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L.

The team of lawyers coordinated by Partner Cristian Radu has performed an in-depth legal due-diligence exercise and has assisted in the structuring of the transaction and, respectively, the drafting and negotiation of the transaction documents, as well as advising the client in connection with the closing procedures and the satisfaction of the commitments towards the financing banks.

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