WARSAW – August 7, 2019 – Greenberg Traurig, LLP has advised its client Eltel AB, a leading Northern European provider of technical services for critical infrastructure networks, listed on Nasdaq Stockholm, on an agreement to divest its Polish Communication business to VINCI Energies, a global player in concessions and contracting.
The total consideration of the transaction is about EUR 12.7 million. The transaction is expected to close during the third quarter of 2019.
The divestment is a part of a strategy where Eltel more clearly focuses on developing the Nordic market, where the company has a leading market position and a high level of expertise, and in which the business model is repetitive and primarily targeted towards build, service and maintenance.
In 2018, Eltel’s Polish Communication business had about 220 employees and net sales of about EUR 20 million
The Greenberg Traurig Team was led by Partner Stephen Horvath and Local Partner Daniel Kaczorowski who were supported by Associate Magdalena Medyńska and Associates Agata Iżyk, Grzegorz Socha, Natalia Wolkowycka and Iga Czerniak.
Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2100 attorneys serving clients from 41 offices in the United States, Latin America, Europe, Asia, and the Middle East.
Greenberg Traurig Grzesiak sp.k. was named the 2019 and 2018 Most Innovative Law Firm of the Year Award for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of more than 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.
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