Bojović Drašković Popović & Partners Advise on C.D Holding Internationale's Acquisition of Additional Stake in Emergo Sport

Bojović Drašković Popović & Partners is providing full legal assistance with regards to the 100% sale of its Serbian company Emergo Sport d.o.o. (FitPass Serbia) to C.D Holding Internationale SAS (from France).

The firm is representing FitPass Limited in the Phase 2 of approx. EUR 5 million sale of its Serbian company Emergo Sport.

The transaction is to be carried out in 3 phases over 3 year’s period (2019-2021). In the Phase 1, which is now completed – sale of 20% shares in 2019, Phase 2 – sale of additional 29% shares in 2020, which is currently in progress, and Phase 3 – sale of additional 51% shares in 2021.

As a result of the recent deal, C.D Holding Internationale SAS currently holds 49% ownership over the company.

The BD2P team which is advising on the transaction is led by partner Vuk Drašković together with senior associate Milica Pešterić.

Mario Kijanović to participate in a Data Investment online panel discussion

Data Investment is organizing another free web panel discussion called “Serbia - Real Estate, Valuation and Risks”, discussing several topics: real estate market – before and after the Covid-19 pandemics, legal consequences, risks and bank challenges and impact on valuation. 

Senior Associate Mario Kijanović is the panelist to provide legal insights on this topic, along with the valuation and banking experts from ERSTE Bank, UniCredit Bank, Sberbank, and CBRE. 

The discussion will take place on 07 May 2020 and will be featured on Data Investment’s Youtube channel.

The Latest Newsletter: New measures of economic aid to business entities in the private sector

At the session held on 30 July 2020, the Government of the Republic of Serbia adopted new measures of economic aid to business entities in the private sector, namely through the Conclusion, by which the Government approved business entities additional direct benefits and postponement of payment of certain public revenues, under certain conditions, in order to combat the negative consequences of COVID-19 virus on the economy.

To read the whole newsletter please follow this LINK.