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PPF Group €2.8 billion acquisition of Telenor's CEE business

21/3/2018
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€ 2.8 billion

$ 3.43 billion

Announced

21/3/2018

Overview:

  • Czech private equity house PPF Group has reached an agreement to acquire the CEE business of Norwegian telecoms company, Telenor, for €2.8 billion. 
  • Telenor’s CEE assets comprise its mobile phone operations in Hungary, Bulgaria, Montenegro, and Serbia, and another subsidiary Telenor Common Operation.
  • PPF borrowed €3.05 billion from a syndicate of banks led by Societe Generale to finance the deal. 

Ben Naylor - Regional editor

Jurisdictions:

Norway
United Kingdom
Bulgaria
Czech Republic
Hungary
Montenegro
Serbia

Deal types:

Acquisition finance
Private acquisition
Asset acquisition

Practice areas:

Banking
M&A

Governing laws:

Bulgaria
Czech Republic
Hungary
Serbia
England and Wales
Montenegro

Industry sector:

Technology and telecommunications

Firms:
A&O Shearman

Party: Societe Generale (Lender)

BDK Advokati

Party: Societe Generale (Lender)

Lawyer: Tijana Kojović

Boyanov & Co

Party: Societe Generale (Lender)

Lawyers: Damian Simeonov, Yordan Naydenov

Karanović & Partners

Party: PPF Group (Acquirer)

Lawyers: Miloš Jakovljević, Rastko Petaković

Latham & Watkins

Party: Telenor (Seller)

Lawyer: Robbie McLaren

Schoenherr

Party: Telenor (Seller)

Lawyers: Alexandra Doytchinova, Luka Lopičić

White & Case

Party: PPF Group (Acquirer)

Lawyers: Colin Harley, Jan Andruško, Jan Stejskal, Jonathan Weinberg, Kenneth Barry, Tomáš Jíně

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