CHSH Team: Elke Sagmeister, Nikolay Yanev
CHSH Cerha Hempel Spiegelfeld Hlawati acted as Lead Counsel to Helogistics Holding GmbH (EDDSG’s holding company) in expanding its CEE-portfolio by the acquisition of the Romanian company Transcanal S.R.L.
On 26 September 2011, Helogistics Holding GmbH acquired from Ister Grain Carriers SRL the majority stake in the Romanian inland shipping company Transcanal SRL. Helogistics Holding GmbH is the 100% shareholder in Austria’s oldest (founded in 1829) and leading inland shipping company Erste Donau-Dampfschiffahrts-Gesellschaft m.b.H. (EDDSG).
After completion of the transaction, Helogistics Holding GmbH now holds an approx. 77.6% stake in Transcanal SRL. CHSH advised on, inter alia, structuring the transaction, due diligence and regulatory and corporate matters under Romanian law.
Helogistics Holding GmbH was advised by CHSH attorneys Nikolay Yanev and Elke Sagmeister, both members of CHSH M&A Practice Group led by CHSH partner Albert Birkner. The Romanian law aspects of the transaction were covered by CHSH-Bucharest attorneys Alina Valeanu and Minuca Parvulescu.