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Kinstellar advises Lafarge Serbia on the acquisition of 100% of shares in SPV TRIBEX MINING
Kinstellar is proud to have advised Lafarge Serbia, a member of the Holcim Lafarge Group, on the acquisition of 100% of shares in SPV TRIBEX MINING, the owner of the Jazovnik stone quarry. As the world’s leading cement manufacturer, Lafarge continues to strengthen its presence in the Central and Eastern Europe (CEE) region through this strategic expansion. Our team provided comprehensive support throughout the transaction, from legal due diligence to transactional support and closing activities. The M&A team in the Belgrade office was led by Miloš Velimirović, Managing Partner and Mina Srećković, Managing Associate, along with Associates Đorđe Ilijašević and Jelisaveta Folić, with the assistance
A year in review: A brief analysis of the Serbian banking sector in 2023
As of the close of 2022, Serbia's banking sector faced challenges amid global economic conditions. The year 2023 brought its distinct set of obstacles, with a noteworthy slowdown in global inflation compared to the last quarter of 2022. However, the undeniable focal point is the war in Ukraine, triggering a faster inflationary spiral due to increased energy and food prices. Key mergers and acquisitions In 2020, Komercijalna Banka, the largest state-owned Serbian bank, was acquired by Slovenian NLB Banka, leading to the merger of NLB Banka and Komercijalna Banka into NLB Komercijalna Banka. Vojvodjanska Banka was acquired by Hungarian OTP Bank, followed by OTP Bank's acquisition of Societe Generale Bank. In 2021
Kinstellar appoints new Sector and Service Line Heads and Head of German Desk
Kinstellar supports professional growth by offering a broad range of career development opportunities for our team, including the role of sector/service line head or co-head. We provide growth opportunities to all of our talented lawyers with the relevant experience and an outstanding track record. We are delighted to announce the following appointments: Csilla Andrékó, Partner in our Budapest office, is the Co-Head of the firm-wide Banking & Finance Service Line. Csilla is one of the founders of the Firm and the former Managing Partner of the Budapest office. Csilla also served as the head of the regional Banking & Finance and Restructuring & Insolvency Service Lines. She retired from active practice
Kinstellar advises Chinese investors on Serbian wind farm venture
Kinstellar has successfully advised Chinese investors CMC Capital, a member of China National Technical Import and Export Corporation group (“CNTIC”), and Shanghai Electric Power & Energy Development Limited (“SEP”) on the acquisition of 100% of the shares in Crni Vrh Power d.o.o., a project company developing a 150 MW onshore wind farm in the eastern Serbian municipalities of Bor, Žagubica, and Majdanpek. The Crni Vrh wind farm was purchased "ready-to-build"—which means that all essential permits and land rights were secured prior to the start of the construction phase, which includes 28 wind turbines. With this acquisition, CNTIC and SEP have entered Serbia’s renewable energy sources (RES)
Kinstellar strengthens its presence in Serbia by teaming up with and integrating SOG Law Firm
Kinstellar is delighted to announce that it has joined forces with leading Serbian law firm SOG in a strategic partnership that will significantly enhance our capabilities and position on the Serbian market. This new partnership brings together the collective strengths, resources, and experience of both law firms, creating a stronger offering in Serbia and the Western Balkans region. It presents a unique opportunity to achieve greater success, provide enhanced services to clients, and expand our local footprint. SOG — Kinstellar’s new team in Serbia SOG is a full-service and top-tier law firm in Serbia founded by a group of seasoned, internationally trained lawyers. The firm, similar in size to our current