Through a series of transactions, the parties contributed their assets to Extreme Digital and merged their businesses.Īs I said, we were holding the pen on the shareholders’ agreement. The capital increase consisted of new money plus in-kind contribution, including the transfer of purchase price receivables arising from a business transfer agreement, licence fees and a trademark transfer agreement. Our main role was to negotiate and draft the shareholders’ agreement, and we also commented on the new articles of association, capital increase, and board-related documentation. After completion, Extreme Digital held 48% of the joint venture company, with eMAG’s Hungarian affiliate holding the remaining 52%. The Budapest office of Dentons acted for Extreme Digital in that deal. Allen & Overy Counsel Balazs Sahin-Toth Talks About the Deal of the Year in HungaryĬEELM: What was Allen & Overy’s role in the Extreme Digital/eMAG merger?īalazs: Alongside DLA, we acted for the Naspers Group and their Romanian subsidiary, eMAG, in setting up a joint venture with Extreme Digital.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |