Kinstellar, working alongside Noerr, has advised Strabag on the Romanian, Croatian, Czech, and Montenegrin aspects of its EUR 100 million acquisition of WTE Wassertechnik from EVN. Freshfields advised EVN.
The transaction remains contingent on regulatory approval.
WTE Wassertechnik is a provider of municipal and industrial water management solutions. According to Kinstellar, the acquisition supports Strabag’s Strategy 2030 and is expected to significantly enhance the group’s water technology capabilities, expanding into the area of integrated water management. Upon completion, the combined water technology business is projected to generate approximately EUR 400 million in annual output.
The Kinstellar team included Romania-based Associated Partner Luiza Bedros, Special Counsel Claudia Popescu, Counsel Raluca Botea, Managing Associates Mihai Stan and Andrada Popescu, Senior Associates Rena Saftencu, Cosmin Vasilescu, Dana Sarbu, and Ioana Criste, Associate Marc Barabas, and Junior Associate Andreea Vladareanu, Croatia-based Partner Edin Karakas and Senior Associate Kristina Marinov, Czech Republic-based Partner Barbara Kusak and Junior Associate Michal Jandus, and Serbia-based Managing Associate Mina Sreckovic and Associate Jelisaveta Folic.
The Freshfields team included Vienna-based Partners Konrad Groeller, Stephan Pachinger, Maria Dreher-Lorje, Stephan Denk, Katharina Kubik, and Karin Buzanich-Sommeregger, Counsel Gernot Fritz, Lukas Pomaroli, and Leonhard Prasser, Principal Associates Thomas Mollnhuber, Martin Zankl, Florian Reiter-Werzin, and Andreas Langer, and Associates Lisbeth Zimmermann, Jakob Tschachler, and Rosa Glunz as well as further lawyers in Munich, Frankfurt, Duesseldorf, and Berlin.
Editor's Note: After this article was published, CEE Legal Matters learned that JPM Partners advised Strabag as well. The firm's team included Senior Partner Ivica Jevtic, Partners Ana Tosic Chubrinovski and Ivana Jevtic Nikolova, and Senior Associate Elena Kuzmanovska.
