Kinstellar has advised the MVM Group on its acquisition of 33.4% stakes in Energotehnika Juzna Backa and Elektromontaza Kraljevo from the Maneks Group. Zdravkovic & Partners advised Maneks on the deal.
The transaction is expected to close in the second quarter of 2022.
The MVM Group is a Hungarian state-owned energy group. The Maneks Group is a Serbian metal trading company. Energotehnika Juzna Backa and Elektromontaza Kraljevo are Serbian energy utility construction companies.
Kinstellar’s team was led by Belgrade Managing Partner Branislav Maric and included Belgrade-based Managing Associates Andreja Vrazalic and Nikola Stojiljkovic and Senior Associates Jelena Tripkovic, Tamara Zejak, Katarina Pavlovic, and Milan Radonic as well as Budapest-based Partners Kristof Ferenczi and Anthony O’Connor and Associate Orsolya Pass.
The Zdravkovic & Partners team included Managing Partner Relja Zdravkovic, Attorney Marko Bekcic, and Associate Dunja Mladenovic.