International law firm White & Case LLP advised PPF Group on the sale of a 50% stake plus one share in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia to Emirates Telecommunications Group Company PJSC (e&) and on the establishment of a joint venture between PPF Group and e& in relation to these assets. The purchase price (together with contractual bonuses) of EUR 2.5 billion represents one of the largest transactions ever undertaken by PPF.
“We very much appreciate the opportunity to work with our long-standing client on another groundbreaking transaction in the telecommunications sector,” said partner Jan Andrushko (Prague), who led the M&A legal team together with partner Caroline Sherrell (Sydney). The team also included partner Jan Stejskal (Prague), local partner Jan Jakoubek (Prague), associates Iva Čechráková and Lukáš Pavlík (both from the Prague office). The banking team was led by partner Jonathan Weinberg (Prague) with support from associate Tadeáš Matys (Prague). The bond team was led by partners Petr Hudec (Prague) and James Green (London) and included partner Swati Tripathi (London) and associate Hashim Eltumi (London).
Source: White & Case and CTK
