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Greenberg Traurig Represents Eltel in the Divestment of its German Communication Business for EUR 19 Million

Greenberg Traurig has advised Eltel AB, a leading Northern European provider of technical services for critical infrastructure networks, on the divestment of its German Communication business to Circet Group, a European telecom network service provider based in France and funded by private equity firm Advent. The total consideration payable under the transaction is about EUR 19 million.

The divestment is a part of Eltel’s strategy to focus on developing the Nordic market, where the group has a leading market position and a high level of expertise.

Greenberg Traurig comprehensively advised Eltel on all legal aspects of the divestment. Completion of the transaction is subject to merger clearance.

Background: A team of Greenberg Traurig Warsaw advised Eltel on the divestment of its Polish Communication business in October last year. 


About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: Twitter: @GT_Law.