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Wolf Theiss and Yavuz & Uyanik & Akalin Advise on 4iG Acquisition of AlbTelecom

Wolf Theiss and Yavuz & Uyanik & Akalin Advise on 4iG Acquisition of AlbTelecom

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Wolf Theiss and Yavuz & Uyanik & Akalin have advised 4iG Nyrt on the acquisition of an 80.27% stake in AlbTelecom from a subsidiary of Turkey's Calik Holding. Tashko Pustina reportedly advised the sellers. The deal was cleared by the Albanian Competition Authority on March 4, 2022.

Following 4iG's subsequent acquisition of One Telecommunications (as reported by CEE Legal Matters on April 5, 2022), Wolf Theiss advised 4iG on obtaining Albanian merger clearance.

4iG Nyrt is a Hungarian stock exchange-listed IT and Technology group.

AlbTelecom is a landline voice, internet, and TV provider in Albania. One Telecommunications is an Albanian mobile telecom operator.

Calik Holding is a Turkish privately held industrial group.

“We are pleased that AlbTelecom is now owned by a strategic investor committed to the company,” commented Calik Holding President Ahmet Calik. “By taking this opportunity, I would like to thank all employees of AlbTelecom for their efforts and dedication and we are confident that AlbTelecom will continue to achieve remarkable successes.”

Earlier this year, Wolf Theiss won the 2021 Deal of the Year award for Albania for this very transaction (as announced by CEE Legal Matters on April 7, 2022).

Wolf Theiss’ team included Sofia-based Partner Richard Clegg and Consultant Irina Dekova, Hungary-based Counsel Norbert Balint, and Albania-based Partner Sokol Nako and Associate Kristaq Profkola.

The Yavuz & Uyanik & Akalin team included Of Counsel Ali Can Kolay.

Wolf Theiss did not reply to our inquiry on the matter.

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