Nestor Nestor's M&A practice responded well to changes in market conditions. Manuela Nestor and Gabriela Ontica assisted Weatherford International in the acquisition of 95% of shares in the Romanian issuer Atlas Gip....
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Nestor Nestor's M&A practice responded well to changes in market conditions. Manuela Nestor and Gabriela Ontica assisted Weatherford International in the acquisition of 95% of shares in the Romanian issuer Atlas Gip. The advice dealt with the acquisition, a tender offer to minority shareholders and the squeeze-out and de-listing procedure. In April 2009, Nestor and Ontica went on to advise the Ford Motor Company regarding the acquisition of Bucharest Stock Exchange-listed Automobile Craiova.
In January 2009, the team assisted Smithfield Foods, the world's largest hog producer and processor, with the next step in the integration and consolidation of its Romanian operations following simultaneous buyout transactions aimed at full control over Agroalim distribution and logistics.
Another deal saw the firm act for Citibank in the structuring and completion of the first cross-border merger ever to take place in the country, which involved the merging of Citibank Romania with Citibank Ireland.
NNDKP's banking and finance team has also been busy. Alina Radu led when the firm advised Goldman Sachs in a multi-jurisdictional €150 million syndicated facility granted for a refinancing related to a restructuring group of companies. The team also assisted German development finance institution DEG in two large loans. The first involved a loan of €20 million to Banca Transilvania for the financing of small and medium enterprises in the retail sector. The second involved a €30 million financing granted to a group of Romanian agricultural firms.
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