Dentons advises Adris grupa on €550 mln sale


The chiefly Hungarian team of Dentons acted as advisors for Adris grupa in the sale of TDR and other entities within Adris Strategic Business Units Tobacco and Retail, including among others Istragrafika, Hrvatski duhani and the iNovine and Opresa retail chains, for a total enterprise value of €550 mln.

The transaction, which is currently subject to the approval of the Shareholders’ Assembly of Adris as well as customary competition clearances, is expected to close in September 2015, Dentos said in an announcement.

The Dentons team in Budapest included Partners Rob Irving, Anita Horváth with Associates Eszter Fodor and Orsolya Szabó, being supported by a team from Dentons’ offices in London and Milton Keynes that included Partners Tom Leyland and Alex Thomas, Counsel Tatiana Kruse and Associates Suhail Qureshi, Christopher Colclough and Nick Harrison.

“We are very proud to have had the opportunity to support Adris grupa on this historic transaction that secures the future of TDR’s Kanfanar plant.” Rob Irving, the new co-chair of Dentons’ Global Private Equity Group, said. “This deal is a great example of Dentons’ ability to call upon lawyers located in CEE and the UK, from a broad variety of disciplines, to advise on strategic cross-border matters in the South Eastern Europe region,” Irving added.

The Budapest team recently joined Dentons from White & Case along with approximately 50 local partners, associates and other professionals to further strengthen Denton’s Corporate M&A and Private Equity offering in Hungary, the Central and South Eastern Europe region and Europe as a whole.


MKB Bank, Takarékbank to Hold Bank Holidays as Merger Finish... Banking

MKB Bank, Takarékbank to Hold Bank Holidays as Merger Finish...

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Lithuania Retail Sales Fall in February Retail

Lithuania Retail Sales Fall in February

Foodpanda Rebranding as Foodora Food

Foodpanda Rebranding as Foodora


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.