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.
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